Super Emperor of the Late Qing Dynasty

Chapter 650: The Great Depression

You can search for the latest chapters in Baidu for "Super Emperors Search Novels of the Late Qing Dynasty (www.soxscc.com)"!Countless people spent everything overnight and chose to end their lives. In the two weeks when the stock market plummeted, more than four thousand people committed suicide. In some hotels, more people killed themselves than people stayed in the hotel.

Too much money is invested in the stock market, not used in entities, and the gap between rich and poor at Citi is too large, corporate profits are too high and workers' wages are too low.5% of people own a third of Citi's national income.One percent of people own 50 percent of wealth, and workers and farmers do not have enough money to buy goods.

The stock market crash marked the beginning of Citi’s economic depression, followed by a bank run, and lack of confidence in the future of Citi’s economy. It was not until Franklin came to power that his sister-in-law stabilized the situation.

Citi has 34 million adult men, women and children without any income, which is close to 28% of the population.And this research report, like other reports, does not include the 11 million rural households suffering in another hell.

There are many legends about job hunting around 1923, some of them sound bizarre, but they are not fake.

Someone did stay at the door of the Detroit employment agency all night.There is indeed an Arkansas man who walks 900 Geely to find a job.

An employment agency on 6th Street in Manhattan recruited 300 people, and indeed 5,000 people applied.

Someone in Peanut State did set fire in the woods so they could hire him as a firefighter.

In such an era of economic depression, more than 15 million people were looking for work everywhere, but there were no jobs anywhere."Business Week" conducted a survey and confirmed that many people no longer like Citigroup, some have already left Citigroup, and some are trying to leave. The number of people who have moved abroad exceeds that of those who have moved in every year.

People who experienced the Great Depression changed their minds.The workers awoke from their numb state and launched a combative strike.Liberals were attracted by Maoqiu's prosperity and became Marxists.Conservatives, because of their fear of Bolshevism, have increasingly turned to Sism.

Hoover took some measures, hoping to restore the situation, but the facts are just the opposite.In order to protect the interests of investors, the product cannot be lowered, but the sales volume has dropped.Then the profit becomes less.

Had to use the method of dismissing workers to reduce the cost of goods.Workers in this industrial sector are unemployed. Where can I afford to buy products from other industrial sectors?

In this way, the lower the sales, the more workers are dismissed, causing a full-scale shrinkage of purchasing power. The result is that when industrial workers become poor, farmers are also poor; and the poverty of farmers in turn deepens the poverty of industrial workers."No one has the money to buy the other party's things," this is what a Klahoma man said when he testified before a congressional panel, which made the vicious circle clear.520 novel www.520fsxs.com

"So, at the same time, in the same country, there is both overproduction and underconsumption."

Using corn cobs as fuel is more cost-effective than selling corn and buying coal.Meat prices fell sharply: a sheep was delivered to the market.The shipping cost is one yuan and one dime, but the price is less than one yuan.

But even if this is the case, those poor workers and unemployed still can't afford it, so a lot of products are dumped and burned. It's not how dark they are here. Except for some big capitalists, everyone else is forced by the helplessness of transportation costs. It is higher than the price, and if it continues to breed or store it, it will either deteriorate or be grown. It is simply too high.

As for why the poor are not given to the poor, the benevolent see the benevolent and the wise see the wisdom. I can only say that they are not kind, but the high tax and transportation costs can hardly make a farmer who is about to go bankrupt to be kind. If the price continues to fall, their land Taxes and bank loans will not be paid, they will go bankrupt, and dividing things out is obviously only bad for price increases.

However, it is inevitable that a large number of farmers will go bankrupt. They can feed the dogs with fruit and meat, and use corn as fuel, but they can't even pay for the ropes for the bundles, the tools for repairs, and the seeds of the crops. .

At this time, the lending bank acquired the property rights of the farm and became a remote landlord, while those who cultivated the land for generations became tenants, and the bank suffered a lot of bankruptcy after a run...

The various tricks poor people have come up with to save money are really amazing.The man’s shaving blade was sharpened and used again; to make a paper cigarette by himself, or to smoke a "wing" card for a pack of dime; to save electricity, he switched to a 25-watt light bulb.

The children picked up soda bottles and went to the shop to refund the money, two cents apiece; they went to the bakery to line up to buy bread from Gesu.The women cut the old sheets and then sewed the two sides together, so that the worn parts in the middle were moved to the two sides; they changed their clothes for their daughters so that they would not look shabby in front of the neighbor’s wife— —In fact, the neighbors have the same tight hands, and I am afraid they have adopted the same method.Many people save the cards they received to congratulate Christmas and send them to other friends next year.

In the countryside, especially the farmers in the central and western regions, life is extremely bleak.A large number of farmers went bankrupt due to the collapse of agricultural product prices.Millions of people are saved from death only because they live like beasts.The rural people of Pennsylvania eat weed roots and dandelion; the people of Kentucky eat violet leaves, wild onions, forget-me-not, wild lettuce, and weeds that have always been eaten exclusively for livestock.

The mothers of the children in the city wandered on the pier and waited. When rotten fruits and vegetables were thrown out, they went up to compete with wild dogs.Vegetables are loaded into the truck from the dock, and they ran behind, picking up anything that fell.

The chef of a hotel in the Midwest put a bucket of leftovers in the alley outside the kitchen, and immediately a dozen people rushed out of the darkness to grab it.People have also seen that a whole family walked into the garbage dump to pick up bones and watermelon peels.Because there are so many maggots, there is a widow in Chicago who always takes off her glasses when picking up something to eat.

Immediately after the entire capitalist country was spread, the world economy collapsed, and the only one that was less affected was the Qing Dynasty. They had huge domestic demand, and they had been strictly controlled before, and suffered a small impact. After that, it still kept rising.

The only thing that hasn’t been affected is the Boervy Maozi. Their economy is a closed planned economy, but they maintain rapid growth. However, due to their weak foundation, they can only develop into a second-rate power in a few years. Much weaker than in history...