Holy Roman Empire

Kosut is not economically active, and the top republican government also lacks economically savvy leaders. They have never thought about what 200 million rupiah means to Hungary!

They did n’t know, it did n’t mean the people sitting there did n’t know either. Howell, the representative of the banking group, asked:

"Mr. Cosout, do you know what 200 million rupiah means?"

This question directly questioned Cosut. He also thought that these big nobles and big capitalists would bargain, but he didn't expect them to ask this question.

In terms of currency value, one rupiah is about 11.69 grams of silver, and 200 million rupiah is 46.76 million two silver. In this era, silver has not depreciated, which is more than 20 million equivalent to pounds.(Around 1:10 for gold and silver)

In 1847, Austria ’s fiscal revenue was only 155 million rupiah (except Hungary), and the British ’s fiscal revenue was only more than 50 million pounds.

In the pre-revolutionary Hungary, it was good to have a fiscal revenue of 100 million rupiah. After the establishment of the Republican government, it spent 100 million rupiah.

The money is basically derived from the sale of a large amount of state-owned assets, plus the tax levied by the government.(Emperor's property and all public property)

No one has raised this question before. It is because everyone is a vested interest, and no one will refuse to send the money to buy the property at a low price.

It does n’t matter if you do n’t know. The first element of politicians is to be thick-skinned. If you still have a face, do n’t be a politician, especially politicians in republican countries.

"Of course, 200 million rupiah is indeed a big number, but for everyone sitting here, it is not impossible to get it out!" Kosut replied calmly.

Indeed, for the people sitting here, not to mention 200 million rupiah, even if they are increased by three or five times, they can afford it.

Affordability and need to take it out are completely two concepts. No one wants to dig out their money. Even if the interest rate is high, ca n’t you afford it?

According to the rate at which the new government spends money, no amount of money can fill this bottomless hole, which is why many revolutionary governments in the world have failed.

In an ideal government, there are too many things that you want to do. As a result, things are not made famous, so the country is first hollowed out.

"Mr. Kosut, when you were in school, the economy probably failed, so please check how much money is circulating in the Hungarian market, and then answer this question!" Howell sneered.

How much wealth there is does not mean that there are as many currencies as possible. In fact, there are restrictions on the currency circulating in the market. If more currency is circulated, it will depreciate, and if there is less currency, panic will occur.

From an economic point of view, the sudden withdrawal of 200 million rupiah from Hungary will result in a panic in Hungary. The next step is a run-off crisis-bank failure-financial crisis-the Great Depression.

In this era, everyone is playing credit currency, and it is enough to transfer money directly in the bank. It is not a question of whether they want to pay out money, but it is impossible for everyone to take it out.

(Information: In 1848 Austrian national total savings was 48 million rupiah, the United Kingdom was 28.2 million pounds, 1 pound ≈ 9.6 rupiah)

There is no doubt that Kosut was embarrassed this time, or that his team was all white and made such an obvious mistake.

Of course, there are still many people who have made similar mistakes. This is the commonality of the mouth-and-mouth party. When considering issues, they are often very one-sided.

...

Kosut has not been able to solve the financial problems, and the war has already begun.

On May 8, 1848, the Austrian army in the province of Croatia took the lead in attacking the Republic of Hungary.

On May 9, the Austrian forces on both sides of Bohemia and Transylvania also launched an attack on the Republic of Hungary.

On May 10, the army of counterinsurgency led by Albrecht arrived at the front line, and the Austro-Hungarian war was fully launched.

No fueling tactics existed. This time Kosut ’s prediction was fulfilled. The four-way army launched an offensive at the same time. If the logistics and transport forces were added, the total strength really exceeded 400,000.

Of course, only half of the troops actually invested in the offensive, even if this is the case, the Republic of Hungary cannot afford it.

Vienna

On the battlefield of Hungary, there is a good news. With absolute strength, it is no longer possible to reverse the unfavorable situation by calling slogans.

In order to guarantee victory, Franz also transferred the Bohemian army commander Prince Wendy Schgratz as the army minister, and replaced Julius as the commander-in-chief.

Prince Wendy Schritz picked up the baton, and on a map on the wall, he pointedly pointed out:

"His Royal Highness, the Croatian Legion led by Governor Josip Jelacic has now arrived at Lake Balaton and has captured Balaton Kelestur;

The Austrian Army led by General Albrecht is attacking Fort Koop;

The Bohemian Legion led by General Julius has just defeated the Hungarian People ’s Army and is now less than one hundred kilometers from Budapest;

The Transylvania Corps, led by General Vinjegri, was still in Debrecen at this time because of traffic.

In general, so far, this war of counterinsurgency has proceeded very smoothly.The Bohemian Legion has 100,000 troops, and if it goes well, the siege of Budapest can be launched at most the day after tomorrow."

He has reasons for pride, the war was fought under his leadership.Of course, because of the relationship between communications in this era, in fact, the Army Department is only formulating a strategy.

How to fight it is still the real one, and the military order is not affected.

As for the military capabilities of Prince Wendishgretz, Franz did not rush to conclude that although he has historically lost in the suppression of the Hungarian rebellion, his current combat plan is still feasible.

"The battle plan to attack Budapest has been postponed so that General Julius can suppress the enemy, and wait for the Austrian Legion to join them before launching the attack!"

Do n’t look at the fact that the Hungarian chaotic party is so bullying. Historically, the Austrian army overturned the car at the last minute, and finally asked the Russians for help.

At least the strongest student army in the Republic of Hungary has not yet appeared on the battlefield.

Franz is also unclear. What is the popular sentiment of the Republic of Hungary now? If the people fully support this government, then Budapest is a Shura field.

"His Royal Highness, the chaotic party is a group of people from all over the world. At most one week, we can conquer Budapest and suppress this rebellion!"

Prince Wendishgratz said excitedly that it seemed to be accusing Franz of arbitrarily interfering in military affairs and delaying the warplane.

Franz calmly explained: "His prince, the military serves politics, war is only a means, not an end."