Chapter 424: San Francisco earthquake

In the face of such a double happiness, Rao is Morgan is not calm, he has no huge assets, at least can not be compared with the Rockefeller family, even Carnegie, who has not left before, is richer than Morgan.
Morgan dared to propose the acquisition of Carnegie Steel because he was able to drive large amounts of capital, not how rich he was, and it was not his own money that required confidence to be maintained. Northern Securities lost the case in the Supreme Court and the Japanese Loans that cannot be recovered are all things that are very detrimental to market confidence.
Now the first thing Morgan needs to settle is the suspicion of his judgment in the huge Morgan alliance. At the same time, the two railway giants Hartman and Hill should be appeased. The two were the direct victims of the dissolution of Northern Securities, which can be said to be a heavy loss.
Having settled the Northern Securities Company, it is undoubtedly a huge victory for the federal government. The Ministry of Justice has made persistent efforts to sue a series of trust companies. For a while, the corporate world has been turbulent. Even the northern securities companies supported by Morgan have Avoid not understanding the destiny of Sansan and how they can fight.
The Supreme Court's decision means the victory of the principle of free and fair competition, and also means that the golden age of American monopolies begins to end. Roosevelt was very satisfied with the decision. For him, although the antitrust law cannot solve the monopoly problem once and for all, the significance of the government ’s victory is that the Supreme Court finally changed its position and agreed with the administration ’s approach. In this way, the federal government Finally, it has established its authority to supervise the activities of large companies, which is a crucial first step.
With a good start, half of the success is achieved, and this sentence can't be more appropriate for the Roosevelt government.
The disintegration of each trust company represents the further improvement of the authority of the federal government. The support of the citizen class for President Roosevelt is also steadily rising. The name of the trust blaster has been echoed among the people.
"Recently, the stocks of American Steel and Carnegie Standards United Steel have been rising, faster than other stocks." Anne is holding her belly and holding the recent stock market data analysis, moving carefully.
Sheffield rarely took the initiative to stand up and support his wife, let Anne sit down steadily, then let out a sigh of relief, "It's very simple, because the capital of the financial industry needs an industry as a carrier. Compared with other industries, now the national defense is building a navy. In China, steel and other metals are needed for development projects, real estate, and railways, so this time the financial industry chose steel companies as a carrier in the stock market to push up the stock value for speculation. At present, steel stocks can best assume this responsibility . Just like railway stocks after the Civil War. "
"But you also know the consequences of railway stocks. But many people are bankrupt. Almost every economic crisis is accompanied by bankers infiltrating industries." Sheffield is now also prenatal education, a family of three analyzes the current stock market.
For the stock market, there are different industry carriers in every era. Previously, railway stocks assumed this responsibility, but now it is the steel industry. As for the stocks in the automobile industry, they have become the darling of the market.
The financial industry must need such a stock in the stock market, bearing such expectations, Sheffield ’s last life, the stock that assumed this responsibility, what Google, Apple, Amazon. Not all companies make money. At least Amazon has been losing money for many years, but valuations are rising every year. Jeff Bezos, the owner of Amazon, is optimistic about all investors in the case of loss every year. , Helped him prop up the Amazon empire and became the richest man in the world.
As for the financial industry that is optimistic about him afterwards, it is Musk, the owner of Tesla Motors. Tesla Motors has also been burning money and making losses, but Tesla Motors has been selected as a new carrier, and Musk ’s worth is also Skyrocketing.
However, as the time for Tesla Motors to catch up, the United States is already heavily in debt, and the risks in the stock market are already great. Whether it can be pushed to that position by various capitals is still unknown. If the Tesla car hasn't grown into position, the stock market will collapse first, and the journey to become the second Jeff Bezos will naturally collapse.
One hundred years later, the risk is obviously greater than that of the current financial industry. At least the two steel giants in the United States are not pushed up hard when they have been losing money. Rather, it has sufficient profitability because of economic prosperity.
"Now trust companies are overwhelmed, and no one knows how many trust companies the White House is going to attack. The steel industry currently has two obvious advantages. The first is the two giants, there is no danger of being monopolized, and the second is the profitability of the steel industry Very good, some funds are pouring into the steel stocks. "Anne also understands that, I was already very smart," Many speculators are choosing the best quality company as the carrier. "
"Well, that's how it is." Sheffield nodded. "Now the stock market is already hot and abnormal, so we have to prepare for it. When the crash occurs, whoever has the most cash is the boss. Although we are a physical company like this In terms of numbers, there is no financial industry that makes money fast, but we have cash in hand, not bonds or stocks. When the tide recedes, people will know who is the real naked swim. "
Because many trust companies have the risk of being disintegrated, and now funds are flowing into the stocks of steel companies that are regarded as high-quality stocks, this is a benefit brought by Roosevelt.
In recent months, the mediation of the Russo-Japanese War and a heavy blow to trust companies have been carried out. President Roosevelt ’s approval rating has risen sharply. Contrary to the complaints of the business community, the civil society ’s support for President Roosevelt is also visible.
The mediation of the Russo-Japanese War can be said to increase the prestige of the United States to the outside world, and the operation of the trust has won the support of internal citizens. The victims seem to be only trust companies.
If the United States is a country that can dissolve Congress and hold general elections in advance, Roosevelt can choose to do so now, but the United States is not, so the operation of early elections taking advantage of the advantages will not appear here.
Annie looked at her husband and dialed the telephones of two railway giants Hartman and Hill, expressing shock and disappointment at the current results, and by the way expressing the words that the federal government is our common enemy, snickering while holding her stomach .
"Okay, we have a chance to meet and talk." She hung up the phone with a smile that I couldn't wait for you to die. Sheffield couldn't help it anymore, and he laughed, "It seems like the soul has been emptied, and the talk is boring "Isn't it very rampant to collect freight charges from the farmer? The two have today."
"Do you want to see the progress of the United Grain Company?" Annie asked lazily.
"I'll do it myself. Your best idea now is to stay there, dear." Sheffield stood up and kissed Annie's cheek with a soft voice. "Think of Morgan, I'm full of energy now."
And at this time, James Duke, the tobacco king, also defeated in the Supreme Court. Sheffield, who was watching the improvement of the continuous firearms in the joint firearm factory, heard this news and said with a lip, "This is how I was going to pull me. Tobacco King, when things did n’t happen to me, they felt so good about themselves.

I still remember the matter of pulling myself. Now let's look at James Duke's defeat and let Sheffield stay in his dream. The American Tobacco Company was found guilty of a monopoly violation by the Supreme Court, and the company was divided into four.
The slave owner didn't think it was enough. He knew the operation mode of American Tobacco Company. In short, it was free trade. The main production base of American Tobacco Company is in China. The reason for the trade war.
Of course I think so, but I ca n’t say that. After leaving the messy shooting range, Sheffield called James Duke to express his indignation at many well-known enterprises that were suppressed by the federal government.
Although there is Alice Roosevelt's relationship, these are two things. Sheffield wants to make big companies hate the Republican Party as much as possible. Although the next election is still early, it does not matter. Some bad things can be said now.
After firing a gun at Roosevelt and the entire Republican Party, the slave owner returned to the factory with satisfaction, and said, "If this carbine can improve the accuracy, basically I am very satisfied. But to ensure that the technology does not leak And you all know the consequences of the leak. "
The few engineers who took off their glasses nodded. Although they didn't know what the boss had, he was right. This is the biggest characteristic of qualified personnel.
As night fell, the residents of San Francisco sleeping in Zhengxiang, everything seemed very normal. As the sky began to brighten, it seemed that a new day would begin again, and the city began to recover, but the day's wake up was destined to be earth-shattering.
Between half a dream and half awake, the ground was shaking violently, and countless seemingly solid buildings collapsed with cracks in the cracks. An unprecedented earthquake replaced the alarm and woke the entire California.
On the San Andreas fault. From Oregon to Los Angeles, California, the end-of-the-world scene is being staged, with San Francisco in the middle of it bearing the brunt. The earthquake and the ensuing fire swept through the city.
Countless San Francisco citizens held torches and ignited their houses with their own hands, allowing many fire spots to form a larger sea of ​​fire, engulfing everything that could burn. This kind of behavior has further contributed to the expansion of the disaster and made all local rescue forces helpless.
Sheffield, accustomed to sleep, jumped up when he received the phone call, ignoring his conscience, "This is really a tragedy."