Chapter 506 German Grain Reserve Resolution
Sheffield admired and was wary of these bankers, represented by Morgan. There must be a reason for something to happen, but if it goes too far, it is not necessarily a good thing.
Farmers produce crops for value, and industry creates wealth through workers' labor. The outputs of both are the real fruits of their labor. As for those in the financial industry, what do they produce?
Therefore, the Soviets later only recorded industry and agriculture in national statistics. As for the tertiary industry, it was nothing more than moving the products produced by the former around, which was actually meaningless.
The Soviet Union did not take the tertiary industry seriously at all, which was an overreaction. But similarly, bankers in the United States, who print money to reap the world, may not necessarily benefit the United States internally, which can be regarded as an extreme case of overexpansion of the financial industry.
Today’s bankers can only reap profits domestically. They have not yet evolved into their complete form a hundred years from now. They also do not have the power to cover the sky with one hand like in future generations. Naturally, they do not have a good reputation.
Sheffield also had a more negative impression of bankers like Morgan, but this was not entirely due to the influence of his previous life. In fact, in this era, citizens of the United States did not think that greedy bankers were good people, which was completely different from the citizens who had lost their normal judgment a hundred years later. After all, happy education had not been fully implemented in this era, so this generation of citizens was not good enough.
The wariness of bankers has a long history in the United States. Seventy years ago, President Jackson, who had ushered in Jacksonian democracy, was re-elected. One of the main events of Jackson's second term was the fight against the Bank of the United States. Jackson felt that the banks were too powerful, and he urged Congress not to renew the Bank of the United States' charter. He also stopped the banks' privilege to use federal funds and transferred federal funds to state banks.
The president of the bank at that time, Biddle, tried every means to keep the Bank of America in business. To achieve his goal, Biddle did not hesitate to create financial chaos and then put the blame on Jackson. Biddle's approach was to announce the immediate repayment of loans. Many companies were forced to close down because they had no bank loans, and many people lost their jobs.
Congressmen who supported President Jackson at the time said that banks were building up power and becoming powerful, irresponsible opponents of the federal government. If the Bank of the United States gained the upper hand, anyone elected president in the future would have to succumb to the bankers. The question now is whether we choose a United States without banks or a bank without the United States.
The Bank of America at that time could be considered Morgan's predecessor. It was not the first time in the history of the United States that it created a financial crisis and blamed it on the federal government. Morgan was just following the example of his ancestors.
Sheffield had two options: keep his distance from financial capital, or join them if he couldn't defeat them. But the first option had been proven to be a failure by history, and the second option was unacceptable to some slave owners. So they could change their mindset and join them after defeating them. Who was in control?
Morgan may think that he is the right person, but Sheffield does not think so. If you talk to Morgan about the role of bankers now, it may not be so smooth. But Sheffield believes that after a few terms of the Democratic Party, the future will be like today when he asked Morgan Jr. to fire Robert Lincoln, and his demands will be more and more accepted.
The presidential inauguration in the early 20th century was still held in March of the following year. The northern states of the United States had already felt the power of the cold air from the Arctic Circle. Sunshine, beaches, and hormones only existed on the southern coastline.
Sheffield has left New York, where the air is sour. The reason for this is that many Republican supporters in New York are saying sour things. It seems that no matter what era, there is always a basis for public opinion to shift the blame after failure.
New Yorkers are very unhappy now, so Sheffield is even happier now. The invitation to the presidential inauguration on March 4 has been received, and Alton Parker's respect still makes the sponsor very happy.
Sheffield's trip to Europe began after the New Year. This time he did not go to Europe alone, but took Anne with him. After many years, Anne returned to the European continent again, but her identity was completely different.
Although in the eyes of some Parisian upper class people, Anne's marriage to an American nouveau riche was not something to brag about, after seeing the advantages of this woman's wealth and billions, many noble ladies also flocked to her, making Anne feel the effect of being surrounded.
"They are so enthusiastic. Although some people look down on the United States, they don't show it." Anne finished washing up in the evening. She complained in front of the mirror, but the corners of her mouth curled up beautifully. She complained to the slave owner in a hypocritical way, "William, don't be angry. The French are friendly."
"I'm not angry, we're French. Not surprising!" Sheffield snorted and laughed. What's there to be angry about?
"Are you mocking my original country?" Annie asked angrily.
"Absolutely not. I don't dare underestimate France." Sheffield responded to his wife's question very seriously.
Germany's xenophobia is reflected in their hearts, Russia's in their actions, and France's on the surface. Not to mention now, even a hundred years later, the French will still be like this. Who was the first to attack the US Braxton Woods system? Charles de Gaulle, the president of the French Fifth Republic.
Who is the one who refuses to join NATO? Who is the first Western power to establish diplomatic relations with the Republic? Who said NATO is brain dead? Yes, they are all French. Unlike Germany and Russia, which fell into the trap one after another, the French have been the world's second largest country since the colonial era and feel that they cannot bow their heads like others.
Just listen to today's jokes insulting France. The French, who will face the German army head-on in the upcoming World War I, are no soft persimmons. They are the real thighs of the Allied Powers. Excluding France, which seems to have weak national strength, the Allied Powers are just serving food to the Germans. How could Sheffield possibly implicate such a country.
If the United States did not exist now, France would be the world's number one aircraft producer, the country with the world's number one submarine technology, and the country with the most developed film industry. Although French industry is not as strong as Germany's, it is very advanced in the use of new technologies.
Sheffield also took it for granted that Germany should be the source of technology, but was slapped in the face with submarines, so he investigated France and found that France was ahead of Germany in many technological applications. It was just that these technologies could not be separated at the beginning.
Leaving Anne in Paris, Sheffield went to the Ruhr area to talk to the leaders of Thyssen and Krupp about grain reserves. Now that the election results of the United States have come out, the conditions envisioned at the beginning are in place. It depends on what the Germans think and whether they can provide a market for the agricultural products of the United States.
Sheffield stayed in Germany for ten days. He knew that his opponent was a rural Junker known for his stubbornness. In the eyes of many netizens in the later Republic, the German Junker class was a natural soldier who was polite, martial and strong. The pillar of the sky who fought for the country, the slave owner knew of course that this was bullshit.
The bad things were all done by the SS. The Wehrmacht had strict discipline, and this kind of nonsense could only fool middle school students. The Junker class in Germany had all the characteristics of reactionaries: short-sightedness, stubborn thinking, hesitation, and shirking responsibility after the fact.
Because of these people's opposition, Imperial Russia eventually joined the Allied camp. The Triple Alliance after the unification of Germany said goodbye to these people who strictly prohibited Russian farm products.
So after entering the Ruhr area, Sheffield unscrupulously ridiculed these country bumpkins, although in the United States, in terms of the distribution of industry and agriculture, Sheffield was the role of a rural Junker, and the Yankees represented the progressive industrial force.
As an old double-standard slave owner, these were just some unimportant details. Using tariffs as bait, Sheffield made the industrial capitalists in the Ruhr area, large and small concerns, stand on his side.
"In fact, you Germans have taken advantage. When it comes to the development of agriculture and animal husbandry, no one understands the development trend better than me." Sheffield said, "We complement each other's shortcomings, which is beneficial to both sides. Of course, our common position now is to let those Junkers with granite heads know that sometimes they have to sacrifice for the overall interests of the country when they should."
It seems more real to talk about interests instead of friendship. Fritz, Gustav and others agree with this. In fact, before Sheffield arrived, they had already made relevant preparations, using the Moroccan crisis as an example to persuade the German emperor to take the issue of the Anglo-French alliance seriously and be prepared for a long-term confrontation.
When Sheffield was in France, Berlin had already discussed several times whether East Prussia should give way to the Ruhr or the Ruhr should continue to take care of East Prussia. Today, there must be a solution. The United States, with a population approaching 100 million, is a good place for German industrial capital to export, and the expected rate of return is huge. As the local snake in America, the United States and the Empire's economy are closer, which will also help expand the Empire's influence.
The Conglomerate in the Ruhr area had reached a common understanding of this. For the sake of the empire and themselves, the rural Junkers gave up some of their interests. Every day, news of the confrontation between the two groups came from Berlin. Finally, on the 25th day after Sheffield arrived in Europe, Berlin's resolution was finally made to establish the imperial grain reserve system. Sheffield finally got what he wanted.
(End of this chapter)
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