Vol 4 Chapter 60: , The crisis is coming again

Time passed in a hurry and entered 1914 in a flash. The arms race was still in full swing, and various countries rushed to make dumplings.
There is no doubt that the top spot is still the British Empire, relying on its powerful shipbuilding industry to stabilize the world.
The Germans who followed closely did not give in too much, setting the record of launching 100 warships in one year, and amazed the whole world!
Against the background of the arms race, the news of Bulgaria's completion of the "Three Five-Year Plan" has been concealed. Ferdinand, who has always been low-key, naturally didn't mean to preach.
Of course, this is impossible. The eyes of ordinary people have been attracted, but politicians from various countries have expressed their concern, but that's all!
Many people are still waiting to see the jokes of Bulgaria. If it is simply to increase industrial production capacity, the British Empire can surpass Germany and the United States at any time as long as they want. The question is what should be done with the industrial products produced?
The problem of overproduction has seriously plagued the United States and Germany for a long time. A new round of economic crisis that cannot be handled well will break out. Can Bulgaria be an exception?
Fortunately, Ferdinand has suppressed the development speed of the financial industry, otherwise the Bulgarian stock exchange market would have gone crazy at the moment.
However, the price paid was also serious. In terms of economic aggregates, due to the absence of the stock market, Bulgaria was only on the same level as the Italians by the end of 1913. You must know that Italy now can only be considered half of Italy, and the North-South economic gap is huge!
According to the forecast of economists, if Bulgaria opens its financial market, then the domestic economic aggregate will immediately achieve leapfrog development. It is not a dream to double fiscal revenue within three years, and it is just around the corner to surpass Austria-Hungary.
Then there will be no more. Although a bubble-like economic aggregate can increase fiscal revenue and facilitate wool shearing, it cannot increase the potential for war!
Besides, does Ferdinand want to explode the population? In his view, the consumption of the dividends brought by Bulgaria's economic development on the new population is far more reliable than the consumption of the illusory stock market to create a group of rich people!
By the end of 1913, Bulgaria's annual steel production had reached 3.486 million tons, which was 3.5 million tons from the set target. After rounding up, it is no problem to announce the completion of the plan.
Compared with steel production, coal production has developed by leaps and bounds. With the development of the economy, the demand for coal is increasing day by day, and where there is demand, there is the driving force for mining.
Kosovo has become Bulgaria's largest coal production base. In 1913, the coal output of Kosovo alone exceeded 16 million tons, and the country's coal output exceeded 33 million tons!
Needless to say, ship production, the original goal is low, and apart from the Black Sea route and the Mediterranean route, Bulgaria is rarely involved in ocean shipping, which is basically sufficient for its own use.
By the end of 1913, the total tonnage of Bulgarian ships had suddenly increased by 820,000 tons, of which warships accounted for a quarter.
...
Of course, these data can not be compared with the top powers, but Bulgaria is not without competitive industries, at least in the production of automobiles and aircraft, it has reached the forefront of the world.
If Ferdinand is a bit thick-skinned, he can also declare Bulgaria to be the world's number one air force! Whether it is aircraft performance or quantity, as well as the number of pilots and crew members, they are temporarily ranked first in the world!
As for how long this advantage can be maintained, no one can know. Anyway, as soon as the World War breaks out, various military technologies will burst!
However, Ferdinand is still very confident that any technological development is inseparable from talents. Since the aircraft has just started, most of the people who promote the development of aircraft technology are hobbyists. Except for Bulgaria, almost no government funding is available in any country.
Against this background, Ferdinand naturally wielded his hoe, digging around the world. Without a sufficient reserve of professional and technical talents, one can imagine the difficulty of promoting the development of aircraft technology!
...
While Ferdinand was celebrating the successful completion of the "Three-Five Plan", a terrible news came.
"Your Majesty, we are in trouble. Since the first half of this year, most of our companies have had a product backlog. If the economic crisis continues, it may break out!" Economic Minister Nicolas Cage said worriedly
"What's going on? Is it all industries or individual industries?" Ferdinand asked concerned.
Minister of Economy Nicholas Cage thought for a while and said: "Almost all industries have more or less overcapacity, especially in the light industry, where the product backlog is more serious!"
Ferdinand was taken aback. It stands to reason that we have migrated a large number of Greeks to Syria and brought in a large number of laborers in Russia. Together with our rapidly growing population, we should be able to consume a lot of light industrial products. How could the problem become more serious instead? Is it light industry?
Ferdinand continued to ask: "Did you find the reason? Is the market shrinking, or our production capacity increased?"
Nicholas Cage explained: "Your Majesty, it is mainly because our production capacity has increased. Although the local market has also expanded, this rate is far behind the growth rate of our industrial capacity!
In addition, after the domestic situation in Russia stabilized, their industry began to recover, and they began to our market, but this is not the main factor!
More importantly, a large number of German products have recently appeared on the European markets, and the Germans have also lowered their prices. It is estimated that even their production costs are not enough. These cheap products have robbed us of the European market. "
The word "dumping" suddenly appeared in Ferdinand's mind, and he lingered on it. Obviously, the Germans are not having a good life now!
As a big copycat country, Bulgaria is known for its cheap products, and its products still have a place in European countries. Now that the prices of German products have also fallen, the impact on Bulgarian industrial and commercial products has naturally increased.
The heavy industry is slightly affected, mainly because the products currently exported by Bulgaria are mainly light industry. In the heavy industry field, except for the machinery produced in small quantities, which can be sold to Russians, most of them are self-produced and sold. UU reading www. uukanshu.com
The rest of the products like steel and coal are consumed by themselves. Except for the domestic market and foreign markets, ships cannot be sold at all. Poor countries cannot afford them, and countries that can afford them do not need them if they can produce them themselves!
Ferdinand asked cautiously: "Is this only us or other countries?"
Nicholas Cage said without hesitation: "European countries should not be spared this time. No one can survive the dumping of the Germans!"
Ferdinand sighed slightly, and after hesitating again and again, he said fiercely: "The Ministry of Foreign Affairs will contact Britain, France, and Russia, and everyone will raise the tariffs on imported German goods!"
"Your Majesty, it is not difficult to increase tariffs on Germans, but this is likely to cause unpredictable consequences!" Foreign Minister Metjeev said hesitantly
The dumping of the Germans will definitely harm the interests of capitalists in various countries. It is not difficult to push a restrictive bill, but the consequences of doing so are very serious!
Obviously, there are already problems with the German economy. If even the overseas market is lost, there is only one way for the German business community to go, and support Wilhelm II to break the current world order!
Knowing that, but the Germans’ actions have affected Bulgaria’s interests, and Ferdinand had to take action.
In his opinion, the world war is about to break out anyway, the outbreak of one day earlier and one day later, this impact is not great for Bulgaria!
"So, now we can prepare for war, the Germans have no choice!" Ferdinand said lightly
The world market is so big in total, if you take one more, naturally I can only take one less. With the rise of Bulgaria, I naturally got a share, and this one happened to be the last straw to crush the camel!