Vol 4 Chapter 60: The crisis is here

Time passed quickly, and in 1914, the arms race was still in full swing, and countries rushed to make dumplings.
There is no doubt that the top empire is still the British Empire, which stabilizes the countries of the world with its powerful shipbuilding industry.
The Germans who followed closely did not hesitate to let it go, creating a record of launching a hundred warships a year, which surprised the world!
In the context of an arms race, news that Bulgaria has completed the "three-five plan" has been covered up. Ferdinand, who has always been low-key, naturally has no intention of preaching loudly. It is the kingly way to make a lot of money.
Of course, this is impossible. The eyes of ordinary people have been attracted, but politicians from various countries have expressed concern, but that's all!
Many people are still waiting to see the Bulgarian joke. If it is just to increase industrial capacity, as long as the British Empire is willing, they can surpass Germany and the United States at any time. The question is what to do with the manufactured industrial products?
The problem of overproduction has seriously troubled the United States and Germany for a long time. A new round of economic crisis that cannot handle well will break out. Could Bulgaria be an exception?
Fortunately, Ferdinand suppressed the pace of development of the financial industry, otherwise the stock exchange market in Bulgaria would have been crazy for a long time now.
However, the price paid is also serious. In terms of economic aggregate, because there is no stock market, by the end of 1913, Bulgaria was only equal to the Italians. You must know that Italy is only half of Italy, and the economic gap between North and South is huge!
According to economists' predictions, if Bulgaria's financial market is opened, the country's economic aggregate will achieve rapid development, and doubling fiscal revenue in three years is not a dream, and it will soon be beyond the Austro-Hungarian Empire.
Then there is no more. Although the bubble-like economic aggregate can increase fiscal revenue and facilitate sheep shearing, it cannot increase the potential for war!
Besides, Ferdinand wants to explode the population? In his opinion, the dividends brought about by Bulgaria's economic development are consumed by the new population, far more reliable than by being consumed by the illusory stock market to create a group of rich people!
By the end of 1913, Bulgaria's total steel production for the whole year had reached 3.486 million tons, which was 3.5 million tons from the set target. Rounded down, 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 also increasing day by day, and there is a driving force for mining when there is demand.
Kosovo has become the largest coal production base in Bulgaria. In 1913, the coal output in Kosovo region exceeded 16 million tons, and the national coal output exceeded 33 million tons!
Not to mention the production of ships, the originally set goals were low, and in addition to the Black Sea route and the Mediterranean route, ocean shipping Bulgaria is rarely involved, and basically can be used for its own purposes.
By the end of 1913, Bulgaria's gross tonnage had suddenly reached 820,000 tons, of which warships accounted for a quarter.
...
Of course, these data cannot be compared with the top powers, but Bulgaria is not without its advantages, at least in the world of car production and aircraft production.
If Ferdinand is thicker, you can also declare that Bulgaria is the world's first air force power! Regardless of aircraft performance or quantity, as well as the number of pilots and crew members, they all rank first in the world!
As for how long this advantage can be maintained, no one can know. Anyway, once the World War breaks out, all military technologies will burst out!
However, Ferdinand is still very confident, and any technological development cannot be separated from talent. As the aircraft is just getting started, most of the people who promote the development of aircraft technology are enthusiasts. With the exception of Bulgaria, almost no country has government funding.
In this context, Ferdinand naturally waved his and dug people around the world. Without enough reserves of professional and technical talents, it is difficult to imagine how difficult it is to promote the development of aircraft technology!
...
As Ferdinand celebrated the successful completion of the "Three-Five Plan", a terrible news came.
"Your Majesty, we are in trouble. Beginning in the first half of this year, most of our companies have a product backlog. If the economic crisis continues, it will probably erupt!" Minister of Economic Affairs Nicholas Cage said worriously.
"What's going on? All industries or individual industries?" Ferdinand asked with concern.
Minister of Economic Affairs Nicholas Cage thought about it: "Almost all industries have more or less overcapacity, especially in the light industry sector, and the product backlog is even more serious!"
Ferdinand was shocked. It stands to reason that we have migrated a large number of Greeks to Syria, and imported a large number of labor in Russia. In addition, our rapidly growing population should be able to consume a large amount of light industrial products. How can the problem become more serious? Is it light industry?
Ferdinand continued to ask: "Is there a reason for this? Is the market shrinking or is our capacity increasing?"
Nicholas-Kage explained: "Your Majesty, our main reason is that our production capacity has increased. Although the local market has also expanded, this rate is far less than our industrial capacity growth rate!
In addition, after the domestic situation in Russia stabilized, their industry also began to recover and began to our market, but this is not the main factor!
More importantly, a large number of German goods have recently appeared in European markets, and the Germans have also lowered their prices. It is estimated that even their production costs are not enough. This cheap batch of goods has robbed our market in Europe. "
The word "dumping" suddenly came to Ferdinand's mind and never lingered. Obviously, the Germans are having a hard time!
Bulgaria, as a big country in the cottage industry, is famous for its cheap products. It still has a place in European countries. Now the prices of German products have been reduced, and the impact on Bulgarian industrial and commercial products is even greater.
The heavy industry is less affected, mainly because Bulgaria's current export products are mainly light industry. In the field of heavy industry, except that the machinery produced can be sold to Russians in small quantities, most of them are self-produced and sold.
The rest of the products such as steel and coal are consumed by themselves. Except for the domestic market and the foreign market, the ships can't be sold at all. The poor countries can't afford it, and the countries that can afford it.
Ferdinand asked cautiously: "Is this the case only for us, or is it happening in other countries?"
Nicholas Cage didn't hesitate to say: "This time all European countries should not be spared. No one can survive the German dumping!"
Ferdinand sighed a little, after repeated hesitation, said fiercely: "The Ministry of Foreign Affairs contacted the three countries of Britain, France and Russia, and everyone will raise the tariffs on German goods!"
"Your Majesty ~ EbookFREE.me ~ It is not difficult to increase the tariffs on Germans, but this will likely lead to unpredictable consequences!" Foreign Minister Metev hesitated
The German dumping will definitely damage the interests of capitalists in various countries. It is not difficult to promote a restrictive bill, but the consequences are so serious!
Obviously, there are problems in the German economy. If even the overseas market is lost, there is only one way for the German business community to support William II in breaking the current world order!
Knowing to know, but the Germans' approach has affected Bulgaria's interests, and Ferdinand has to take a shot.
In his opinion, anyway, the world war is about to erupt, one day earlier and one night later, this influence is not great for Bulgaria!
"So, now we are ready 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, naturally also got a share, and this share happens to be the last straw that crushed the camel!