Holy Roman Empire

In the face of the joint attack of British and Austrian capital, the French government did not raise their hands to surrender, and Napoleon IV showed a courageous role.

First, it called on domestic enterprises to withdraw investment from overseas, increase foreign exchange reserves, and buy francs in the international market.

Then he issued an administrative order prohibiting domestic banks from borrowing Francs for international hot money. For this reason, he personally interviewed several domestic consortia.

No one knows exactly what was talked about. Anyway, after being interviewed by the emperor, people in the French financial community have a lot of rules.

Many people also took out their funds symbolically and joined the army of resistance.

It was too late at this time. The attacking party had hoarded a lot of francs, even if the domestic consortium was looked down on, it would not help.

In general, when the Paris government responded to the crisis, it performed well and responded in a timely manner.

It is a pity that the root cause of this crisis is that France's foreign exchange and gold reserves are seriously inadequate. If this problem cannot be solved, it will be impossible to escape the crisis.

Theoretically, France has a large amount of investment overseas, and as long as it takes one-fifth of it back, it can overcome the difficulties.

However, it is now in the 19th century, not the 21st century. If you want to withdraw funds from overseas, it is not possible to complete it in one day or two.

The French government's foreign exchange reserves are almost bottoming out when time is not waiting for people and foreign funds to come back.

The Paris government is in a hurry. If you go on like this, you will have to use gold reserves to fill the hole in a few days.

Originally, the French government's gold reserves were inadequate. If there is a large-scale outflow of gold, the value of the franc will definitely collapse.Rather than this, it is better to surrender now.

...

At the Palace of Versailles, Napoleon IV no longer has the spirit of the past, and the whole person is depressed a lot.

Obviously, this crisis hit him a bit, and the French Empire was not as powerful as he thought.

Economic Minister Elsa: "We have limited the amount of each exchange, but the number of people who come to exchange every day is still increasing.

Panic has caused the market not to be optimistic about the future of the franc, and there are more and more short sellers in the financial market.

According to the current situation, if there is no other force to join, the market crash is sooner or later."

Faced with the attack of British and Austrian capital, is there any force in the world that can be countered?

The answer is: yes.

Although the French consortium is slightly weaker than the British and Austrian capital, but not all of the British and Austrian capital are invested in. If the French consortium joins the guard army, it is a local battle. With the power of the French government, they are completely capable of fighting.

After hesitating for a while, Napoleon IV said slowly: "I will send someone to talk to a domestic consortium, and other issues are easy to discuss, except that the right to mint coins cannot be discussed.

Tell them that if they still refuse to make concessions, we will compromise with Yingao Capital, and no one should think better."

The French consortium is willing to cooperate with the British and Austrian capital actions, in addition to the gains in the financial market, more to force the Paris government to make concessions.

If the franc collapsed, it would not necessarily be a good thing for the French consortium.

In the short term, they may be able to make more money by speculation, but this will lose the future.

The franc loses its status as an international currency, and the French consortium wants to go overseas to develop, the cost will be greatly increased.

Of course, this does not scare them.Most capitalists do n’t think so long-term. Many local consortiums have little interest in internationalization.

However, no one dared to ignore the threat of Napoleon IV.

If the French government directly compromised with Anglo-Austrian capital, and led the wolf into the room, it would kill people.

Nothing is impossible in the face of interests. The French government needs stability, and the British and Austrian capital needs interests.

After ignoring political factors, the possibility of compromise between the two sides is very high.

As long as they can achieve their goals and get the expected share of the proceeds, they don't care if they can't defeat the franc capitalists.

Don't look at the financial turmoil that Franz created in one hand. In fact, at this time, European capital has already been gathered, and it has long been beyond Franz's control.

Even if the British and Austrian governments stop together, they may not work.

Real gold and silver have been invested, and without getting the benefits, they want the capitalists to stop. How is it possible?

...

"Stock disaster + financial crisis + overcapacity = economic crisis", this set of calculations is not necessarily 100% accurate, but 99.9% is still there.

First, Anglo-Austrian dumped products on France, and then caught up with the stock market crash. Before the French took a breath, Anglo-Austrian Capital launched an offensive in the financial market.

By linking all these things together, one can draw a conclusion-the crisis of foreign transfer.

The two countries with the most serious overcapacity are the British and Austrian industrial countries. Even in the event of an economic crisis, these two countries have suffered the most.

The British and Austrian countries are facing not only overcapacity but also excess capital.Just after a sum of war money was made, the capitalists of both countries were very wealthy.

Under normal circumstances, everyone will invest these funds instead of putting interest on the bank.

Unfortunately, the world is now facing overcapacity, and investing in any industry is a disaster.

However, the crisis between Britain and Austria, which should be the most critical, has not yet occurred, and France has a problem first.

At the Vienna Palace, looking at the information in his hand, Franz breathed a sigh of relief.

Dead friends don't die poorly, Austria wants to get through this moment safely, and the transfer crisis is an indispensable part.

Looking at the whole world, are there more suitable objects than France?

Without taking advantage of everyone's unresponsiveness and pulling the British to suppress France together, there will be no chance in the future.

No matter how low-key Franz, Austrian threat theory surpasses French threat theory, it will be sooner or later, and then it will be a situation where Britain and France join forces against Austria.

Now that the French are handed down in advance, the hatred value alone can push back the time between Britain and France for many years.

This time, the hatred is too big. If there is no accident, after the crisis, the alliance of the three countries will end.

While shifting the economic crisis, it also hit the largest competitor on the European continent. Franz's evaluation of this god operation was "perfect."

Putting down the information in his hands, Franz ordered: "Let our people add a fire in the dark to make this financial war more bloody.

In particular, we must focus on cracking down on French heavy industry. Many French steel mills are still struggling to support them. We should help them.

Continue to keep the high international coal-fired prices, if necessary, you can ban domestic coal-fired exports, let the French continue to study charcoal steel-making technology!

By the way, arrange for people to release the news in France, and throw the black pot that caused the incident to the British."

Heavy industry is the most important and vulnerable industry in France.Restricted by insufficient coal resources, even in 1881, a considerable number of companies in France still use charcoal to make iron.

As for "charcoal steelmaking technology", that is a joke.After many improvements by the French, the charcoal steelmaking technology has stabilized.

It is really stable, and the pass rate exceeds 10%.The quality is not mentioned, anyway, neither Britain nor Austria recognizes that the thing is steel.

Knowing that no, French companies can only cling to their heads.There are so few places of steel production in Europe, which are not under the control of the French.

Originally, the Rhineland region was the most suitable raw material production area for France. Unfortunately, after the transaction of the Pud territory, most of the coal mines in the Rhineland region fell into the hands of the British Austrian consortium.

This year, the consortium has not given up on the physical industry. Both sides have their own factories, so naturally they have to attack their competitors.

The tacit control of coal production by both parties artificially raises the international coal-fired price in order to make huge profits.

If anyone counts, it will be surprised to find that the country that exports the most coal resources to France is actually the humble Belgium.

In this context, French companies with large coal consumption are having a hard time.The easiest way to crack down on French industry is to raise coal prices.

It is not an injustice to throw the pot to the British. The capital offensive against the Franc is indeed the most British capital.

Whoever has the most money is the boss; whoever gets the most money is the culprit.

In any case, the British are the most suspected.Saying that they are not masterminds, it is estimated that the French people will not believe it.

As for Austria, despite Franz ’s active participation, the British have a deep heritage and the funds mobilized are far from comparable to John Bull ’s.

From the beginning of the operation, the dominance fell into the hands of the British consortium.The Austrian consortium can only follow along to assist, and its role may not be as good as the French consortium. The biggest contribution is probably the formation of this round.

...

Franz's decision gave the French economy a last resort.

The first to fall is not those dying steel companies, but the much-anticipated Moore Textile Group.

It has made a big move. Compared with those steel companies that lose money all the year round, everyone still prefers Moore Textile Group, a company with strong profitability.

Internationally, it has been confined by British textile companies, and downstream sales channel vendors have defaulted. Domestically, it has also been peeped by consortia. Not only can loans not be obtained, but also a farce where multiple sellers have defaulted on payment.

After being forced into desperation, he finally had to go to court with the seller. However, before the trial started, the Moore Textile Group with broken cash flow had to declare bankruptcy and reorganization.

The famous Moore Textile Group was eaten up by a group of giant crocodiles during the reorganization, leaving only a mess.

This is just the beginning. It is not just a Moore Textile Group that is targeted by the consortium.Seeing international capital galloping in the financial markets, the French consortium is also eating meat.

Valuable enterprises are divided up and eaten away, and those without value can only really go bankrupt. The bankruptcy wave spreads and economic crises broke out in France.

...

(Remarks: There is no electronic equipment, all manual operation, and the financial model is very different from later generations, especially in terms of transaction speed, it is impossible for the keyboard to hit hundreds of millions at the time of typing.)