Chapter 1045 Economic Crisis

On April 14, 1929, German Prime Minister Wascht convened a cabinet meeting. The main topic of this meeting was the economy of the empire. Originally, this was just an ordinary meeting, but Emperor Qin Tian suddenly stated that he wanted to participate in this meeting, which immediately raised the standard of this meeting a lot.

Almost all cabinet members attended this meeting. Even the Secretary of State for War and the Secretary of State for the Navy. You know, they basically have nothing to do with the economy.

After the former prime minister of the cabinet was older than Luo Yin, so he resigned from the post of prime minister, Qin Tian appointed the former foreign minister Wahit as the prime minister of the empire. Although Wahit is not very good at internal affairs, there are professionals in charge of this aspect. So, don't worry too much. In addition, Bilow was also the Minister of Foreign Affairs before becoming Prime Minister. Therefore, it all seems to be a matter of course, and did not cause any turmoil.

"Your Majesty is here!"

All the members of the imperial cabinet stood up and saluted Qin Tian.

Qin Tian is now forty-one years old. In his middle age, he appeared to be more mature and stable. At the same time, the more than ten years of his career as an emperor has made him develop the majesty of an emperor. The aura exuded from every gesture was so natural that people could not help bowing their heads and submitting.

"Please sit down, everyone." Qin Tian said.

"Yes, Your Majesty." The ministers then sat down.

"Prime Minister, let's start!" Qin Tian said to Prime Minister Wasit.

Vashite nodded, glanced at the ministers in the cabinet, and said: "The next step will be the economic operation of the empire."

Imperial Trade Minister Hans began to report on the current economic situation of the empire. Overall, the empire's economy is still developing at a high speed. Of course, this is largely due to the vast colonies of the empire. If all the colonies of the empire add up, there will be hundreds of millions of people, giving the empire a huge market. Relying on this market, the empire's industry and economy can develop rapidly.

In addition, under the leadership of Germany, in addition to Bu Russia, a large market has also formed in the whole of Europe. In this market, it is mainly Germany that occupies a dominant position. It can be said that these two markets occupied by Germany have played a very important role in the take-off of Germany's economy.

In addition, the empire is also actively competing with the United States in the American market and the Asian market. Although in these markets, there are winners and losers. But in general, Germany still has the advantage. It can be said that in the international market, Germany has already suppressed the United States.

This is why the U.S. government has to turn to the development of the domestic market. The United States has hundreds of millions of people, and there are many wealthy people, all of whom have strong purchasing power. As long as these people's desire to buy is stimulated, the U.S. economy can also develop rapidly.

After ten years of hard work, the domestic market in the United States has become very prosperous. However, there are also many problems in this. Once it breaks out, the consequences will be unimaginable.

Hans' report ended soon, and then the other ministers also reported the situation in their respective areas one after another. The reports of these ministers also gave Qin Tian a more intuitive understanding of the current German economy.

Steel, shipbuilding, automobile and machinery manufacturing are still the most powerful industries in Germany. It is also a relatively competitive industry in Germany in the world. Perhaps it is true to say that the Germans are naturally better at mechanical manufacturing. They are capable of producing the most complex and finest machinery in the world.

"How is the current financial situation of the empire?" Qin Tian asked.

"Your Majesty, the empire's current financial situation is good. Not counting the annual income from the colonies, it is already the number one in the world. Last year, the empire's financial revenue reached 40 billion marks. In addition, the empire can also receive from the colonies every year, Get a total of about 10 billion marks." Earl Poole, the imperial finance minister, replied.

"A total of 50 billion marks?" Qin Tian nodded. For this number, he is still very satisfied. Compared with the data of another time and space in his memory, it is equivalent to twice the fiscal revenue of the United States in the same period.

"Everyone, although the economy of the empire is generally running smoothly. However, the economy of the Americans on the other side of the ocean has already gone wrong. They have excessively developed the domestic market. In order to stimulate people's consumption, they have provided consumer loans and investment to the people on a large scale. Purchasing power in the future. And this has led to false prosperity in the U.S. economy. However, the U.S. factory owners, as if they didn’t realize this at all, are still desperately expanding production. Everyone thinks I want to see, when the balance is broken, who will sell the goods they produce? What will happen to the United States at that time?" Qin Tian said.

The faces of several economic ministers suddenly changed. Of course they knew what the consequences would be.

If the goods cannot be sold, the factory will go bankrupt. At the same time, bank loans cannot be recovered, which will cause the entire country's economy to collapse.

"Your Majesty, do you mean that there may be an economic crisis in the United States?" asked Trade Secretary Hans.

"It should be almost like that. At least, judging from the current feedback, the possibility of an economic crisis in the United States is very high." Qin Tian said.

Immediately, the ministers attending the meeting began to discuss. Everyone knows that once the U.S. economy collapses, it will have a great impact on the United States.

"I hope that the cabinet can formulate a detailed plan to prevent the empire from being impacted by this economic crisis. At the same time, use this opportunity to severely weaken the United States!" Qin Tian said.

"Yes, Your Majesty." All the ministers replied.

Although, Germany has two larger markets to support domestic industrial development. However, if an economic crisis breaks out in the United States, it will definitely have a chain reaction. At that time, Germany will be more or less affected. However, the impact will not be as great as that of the United States, and the losses will not be as severe as that of the United States.

The German government began to make various plans in order to be able to actively respond to the economic crisis that may erupt. Americans on the other side of the ocean know nothing about it. They are also basking in false prosperity.

When Americans believe that the international market is being suppressed by the Germans, they can still develop the domestic market and achieve rapid development, which is already very commendable.

It was under such circumstances that the economic crisis arrived as scheduled.