Holy Roman Empire

The splendid sun that is so magnificent and magnificent; the gentle breeze that refreshes the hearts of the people; the ancient melodious and endless long bells; the vast and endless night sky; the dazzling and dazzling stars ... Together embellish the gorgeousness of early summer.

Concerts are being held in the Vienna Palace, which is one of the few entertainments of this era and the highest music festival in Austria.

Originally, Franz was preparing for an awards ceremony, but he only considered his appreciation level, and finally gave up decisively.

Music awards are very troublesome. Everyone's hobbies are different. It is easy to make jokes if the operation is not good.

After the Great Revolution, it was the peak of Austrian music creation, and many classic music came out.

Franz is unfamiliar with European and American music scenes, which are the original time and space, and which are caused by the butterfly effect, he is not sure.

Anyway, just listen, and being eligible to perform in the Vienna Palace is a kind of recognition in itself.In this respect, it is necessary to mention the late Marshal Radsky. The signboard of each concert is "Radesky March".

This is the work of the Austrian composer Johann Strauss in 1848. The background of the story is the Austrian army's victory in the Osage War and it was born to celebrate the victory.

The march itself has the ingredients to show off the force of the Habsburg dynasty, plus the name of the old marshal, there is naturally a plus in politics.

Under the promotion of the Vienna government, "Radesky March" has now spread throughout most of the world and has become a representative of Austrian music.

Franz also likes this march. Every concert in the Vienna Palace is regarded as a finale, which can be seen in the Austrian music industry.

The economic crisis is imminent, and Franz has no intention of enjoying the concert.Including senior officials of the Vienna government, they can only miss this music festival with regret.

It ca n’t be missed, they can still enjoy the music next to the concert, but everyone is still debating.

Franz asked quietly, "Is the situation out of control?"

Prime Minister Felix replied: "The domestic situation is generally stable. The strike is calming down, and most companies have reached consensus with the workers and have begun to resume production.

Internationally, it has turned skyrocketing. Many countries have already dispatched troops to suppress strikes, and the situation is very tense.At this time, there was another stock market disaster, and the economic crisis is inevitable."

Sending troops to suppress strikes is not alone, and it happened frequently in the 19th century.The name "Blood Prime Minister" of Bismarck in the original time and space, where the word "blood" was obtained by suppressing the strike.

There are many things involved in this, and it cannot be simply summed up with right or wrong.Unlike Austria, which has strong local control, the police rushed to the scene to maintain order.

Many countries simply did nothing after the strike broke out.It is almost inevitable for the capitalists to handle it themselves. The escalation of the conflict during the quarrel is almost inevitable. After the development, smashing of mechanical equipment and destruction of infrastructure ...

Part of it was suppressed by the bloody capitalists, and the other part was the victory of the workers in the conflict.Winning a victory does not mean ending. Human nature cannot stand the test.

If some of the workers are able to restrain everyone, they can fight for their rights rationally; if they lose the restraint, as long as there is one or two impulses, the situation will soon be out of control.

In order to stabilize the situation as soon as possible, the government must choose to suppress it.At this point, right or wrong is irrelevant. The bureaucrats just need to quell the chaos and stabilize the situation as soon as possible.

Responsibility is investigated afterwards, and most of the unfortunate ones are ordinary workers who have no right to speak.Even if someone in the government sympathizes with them, they will fall under the capitalists' silver bullet offensive.

According to Franz, the main culprit leading to the tragedy is actually government inaction or deliberate favoritism of capitalists.

Under his butterfly effect, there are basically Labor Protection Laws in European countries. If the government intervenes in advance and mediates labor conflicts within the legal framework, it is not difficult to avoid riots.

Only in this way, it is difficult for capitalists to obtain greater benefits.The vast majority of companies fail to meet the standards set forth in the Labor Protection Law, otherwise there will be no major strikes that affect Europe.

The wave of strikes in Austria was contained. In addition to the capitalists' fear that the strike would affect production, they also worried about the government's intervention after the strike broke out and found out that they violated the Labor Protection Law.

Many capitalists took timely measures when the signs of strikes appeared, increased part of their treatment, and appeased the workers.

As for companies that strike out, part of it is that the head is not smart enough to realize the danger; the other part is hesitation in the face of interests and the reaction is slower.

In fact, manual treatment usually follows market conditions.If the treatment of other factories has increased, you will continue to stand still, it is estimated that it will not take long for the capable workers to run out.

As the economy develops, rising labor costs are an inevitable result.This is also the driving force for the advancement of productivity. Without these pressures, capitalists will not take the initiative to carry out technological innovation.

The impact of the strike is not only on enterprise production, but also on the shrinking consumer market.There was no salary during the strike, everyone had to cut back on food and clothing, and the purchasing power naturally declined.

Coupled with the stock market crash, the company ’s capital chain is broken, and in serious cases, it may also go bankrupt directly, and the social unemployment rate will rise within a certain period.

The conditions for an economic crisis to break out are already in place.Austria itself was in crisis, and the international market was not good. God has no way to stop the crisis.

Looking out the window, Franz ruthlessly said: "Then squeeze this tumor early!"

The sooner the tumor is treated, the faster it will recover.If it is dragged to the end and the tumor grows beyond control, it will kill people.

Economic crises also have advantages and disadvantages. Each economic crisis will bring about serious losses, and every economic crisis will also bring a lot of opportunities.

Essentially, the economic crisis is a self-regulatory repair of the market.The decentralized economy will be brought back on the track of correct development.

Anyway, the big immigration strategy has just begun, no matter how many unemployed people increase in the economic crisis, there is a place to go.

...

Following Franz ’s order, the Vienna government took conservative economic measures and abandoned its initial bailout plan.

On June 18, 1876, in order to stabilize the financial market, the Austrian Central Bank announced a contraction of the money and raised the benchmark deposit rate by 16%.

When money is scarce in the market, money is shrinking. Where is this "saving the market"?

There are many domestic banks in Austria, and the central bank has the same effect as the future Federal Reserve, which can supervise and influence the financial market.The central bank's increase in the benchmark interest rate is just a recommendation, but it cannot force all banks to raise interest on bank deposits.

In fact, in order to absorb deposits, the deposit interest of most banks exceeds the benchmark interest rate.

Prior to this, the benchmark interest rate for one-year deposits in Austria was 1%, even if it was increased by 16%, it was only 1.16%.

This figure is still lower than the deposit rates of major banks on the market, but the impact is huge.

Through the central bank's measures, everyone knows that the Vienna government will not contribute to the rescue of the market, which makes many investors feel desperate.

Smart people have realized that the economic crisis is inevitable, have raised funds for the winter, and the stock market has become more depressed.

On June 24, 1876, the Vinda textile factory in Munich applied for bankruptcy and reorganization to the Munich government for approval because of a broken capital chain, which opened the prelude to the economic crisis.

In just one month, more than 200 companies, including 30 listed companies, filed for bankruptcy reorganization with the government, more than 400 companies directly declared bankruptcy, and the economic crisis broke out in Austria.

The large-scale bankruptcy of the enterprise naturally ended the wave of strikes and was replaced by a wave of unemployment.

Public opinion has also become chaotic, and capitalists have begun to dump the pot frantically, pushing all the responsibility for the economic crisis to the workers to strike.

This has no effect. At the tuyere of the second industrial revolution, it can't keep up with the times. If it chooses to go against the wind, it will naturally be eliminated by the market.

The "strike event" is only a fuse, and at this point in time when the old and the new are alternating, it is itself a crisis and an opportunity to walk together.

Affected by the Austrian economic crisis, the Russian Empire and the German Federal Empire soon followed, and economic crises broke out one after another.

This was just the beginning, and the remaining European countries were soon implicated.By August, the economic crisis had landed in London, and all industrial nations across Europe had fallen.

Franz was relieved to see everyone unlucky together.This is in line with the market law of the capitalist economy. It has been almost ten years since the last economic crisis. How can the market not go wrong?

Facts have proved that the problem has accumulated a long time ago, and only one pilot index burst.

Another round of big fish eating small fish game started, watching the power of the consortium growing, Franz did not know whether it was right or wrong.

However, the brutal reality tells him that this is an irresistible law in the development of capitalist economy and is beyond the control of the individual.

In addition to becoming one of them, as much as possible to control these new forces, Franz can not go against the current, to prevent the formation of consortia.

To put it bluntly, it suppresses domestic consortia, but it cannot restrict international consortia.Some monarchs and great nobles may have noticed that in the capital market, Franz also saw their figure.

Obviously, there is never a shortage of smart people in this world.If there were no two world wars, I am afraid that the monarchy and nobles would not be so powerful.

Of course, what you see with your eyes may not be true.In the past, Franz was just an ordinary person, and the circle he could reach was just at the bottom of society, and he could not reach the superstructure at all.

What can be seen on the Internet can only be used as a reference. If all is regarded as truth, he will have been pitted to death, and it is impossible to live so moist.

The emergence of consortia is a law of the market, but who is in charge of the consortium remains to be verified.At least in this era, the power of the nobility was far stronger than the capitalists.

As far as Franz knows, many big capitalists in Europe have the shadow of the big nobility.Otherwise, in this dark age, they would have been swallowed up.

Well, Franz is playing like this.In addition to the royal industry on the bright side, most industries also use secret control and remote command from behind.

There is no way, these industries are all placed under the name of the royal family, it is too much hatred, and the emperor will also counsel.