Chapter 481: National Bank closed

The reason why it will be announced later is that some specific details have not been settled. For Sheffield, it is the San Francisco Shipyard ’s construction of the fearless class battleship. His original Houston Shipyard is just the bottom of a naval supply chain, San Francisco. The shipyard's ability is slightly stronger, but it is not in the middle position.
There are only two ways to use the current technical experience to orders from the Navy. The first is to take advantage of this crisis and acquire some shipyards, so that its shipbuilding industry will grow stronger.
But this approach is far from being able to resolve the thirst. Sheffield needs the federal government to take care of San Francisco due to the loss of the earthquake and slightly tilt the West Coast in the defense industry during the merger and acquisition.
For Roosevelt, this requirement is too much, because he feels that the strength of the San Francisco shipyard is intrepid, but it is still slightly insufficient, and he does not want to easily follow suit.
"Everyone's materials are steel, and the craftsmanship is similar. Why can't you give me two orders?" Sheffield was very dissatisfied. "The development of national defense requires continuous financial support. I now suspect that Mr. President is biased against citizens of the West Coast. "
Why not? Why not? Sheffield thinks that this is the president's regional discrimination. Although the biggest regional discriminator is Sheffield, this is not a contradiction. The slave owner has regional discrimination, can't the president have it?
The concept of the new battleship is that under the condition of improving accuracy, the larger the number of large-caliber artillery for volley can effectively hit the target in long-distance naval warfare. The characteristics of the Dreadnought can be summarized as the elimination of the secondary main guns used for attack on the battleships of the past, equipped with the same main gun of the same caliber, only the small caliber secondary guns used for the defense of light warships, and the use of high Power steam turbines make power.
What's so hard about it, it's just a matter of copying according to the British. Can the British still come to collect intellectual property fees? The so-called lack of experience in the San Francisco shipyard is nonsense. Do you know if it is built without it? It is not useless.
"That's a weapon used by naval soldiers, what is it not useable?" Roosevelt gritted his teeth, "Why should I believe you have this ability."
"Other shipyards can produce defective products, but my shipyard will not work?" Sheffield said with a tough attitude, "I will not save the market without giving orders, and I will continue to lay off staff to spread panic."
"Mr. President, only when we have money can we better rescue others. This is the trickle-down effect." Little Morgan came out at this time to round the field. "William's idea is correct, and it is also for the development of the United States Navy."
Little Morgan came out to help, mainly because Sheffield made concessions in the railway system, and part of the share of capital injection on the equity of Tennessee Steel and Coal Company, so that the future steel industry pattern is that the three largest domestic steel In the company, both parties are one and a half.
Moreover, the order of a battleship is only three or four million U.S. dollars, which is only seven or eight million U.S. dollars in total, and it is not a lot of money. If Roosevelt finds trouble for the three of them because of this, it may be too stingy.
And look at Sheffield's preparations. Is the parameter material taken out like this? The standard displacement is 20,400 tons, the full-load displacement is 22,000 tons, and the entire warship is 168 meters long. It has a width of 27 meters and a draft of 8 meters. The power part is equipped with a three-strength steam boiler. The maximum output of the new steam engine can reach 23,000 horsepower, which makes the maximum speed of the Dragon-class fearless battleship reach 21.
Battleship waterline armor is 224 mm to 333 mm, deck armor is 35 mm to 80 mm, main gun turret armor is 360 mm, dense compartment bulkhead armor is 180 mm to 260 mm, The armor of the command tower is 360mm. Equipped with four double-mounted 45mm-caliber 305mm main guns and three torpedo tubes.
As long as it's built, it won't achieve its purpose? When are the great naval officers and soldiers of the United States unable to overcome the difficulties?
"This requires the approval of the professionals of the Department of the Navy." As a president, Roosevelt had the basic means of all politicians, and he had to go through procedures or use procrastination.
"The rubber stamps of the Admiralty do not count, only ordinary people who are ignorant take them seriously." Sheffield chuckled, "From this point, Mr. President, you have been overpowered and the Admiralty has been aerial, You do n’t follow the rules yourself, and you want to push the Admiralty to keep your gun? The Admiralty is really unlucky when it comes to meeting a president like you. "
When he was the deputy admiral of the admiralty, he let the admiral of the navy do nothing every day. Now that Roosevelt is the president, he even asked Sheffield to go to the admiralty, which is an insult to the IQ of slave owners. endure.
The order of the two battleships has little effect on the present in terms of money. The reason why Roosevelt was unwilling was because it was related to his dream of establishing a large navy. Now this kind of dream may be tainted by evil big enterprises, so For a while, President Roosevelt couldn't stand it.
But it was okay after I figured it out. In the end, Sheffield succeeded in achieving his purpose. He received a navy order happily. Once the order was received, it could only explain one thing. Even a well-known historic president like Roosevelt knew. The importance of special affairs is not pedantic at all.
The three Sheffields finally had a discussion, mainly to see if they could dig out the surplus value from the federal government. With Roger F.'s full of anger, he ended the discussion this time and could not find it.
On the twentieth day of the financial crisis, the White House officially announced that the National Bank will be closed for fifteen days to calm the citizens out of panic. At the same time, the rescue plan has been communicated and the federal government will contribute 30 million US dollars, and Big entrepreneurs with a strong sense of social responsibility work together to save the market.
The three of Sheffield left Washington and rushed to New York to rescue the stock market that had already been cut. This should not be a problem. The stock market's waist cut looks serious, but it's not a terrible thing. At least in Sheffield's eyes, is waist cut so worthy of fear? Where did the Great Depression twenty years later go.
The New York stock market in the Great Depression era fell for three years in a row, evaporating 90% of the market value of the stock market, 20,000 shares three years ago, and less than 2,000 in value three years later. This is a blue-chip stock. The cloud that shrouded the citizens of the United States over the past three years gave the United States the first population to be set aside since its founding, and the destination was the Soviet Union.
Compared with the Great Depression two decades later, the current problem is not very serious. After the three arrived in New York, before the gate of the Morgan Tower, facing the swarming reporters, the three stood side by side, leaving a Zhang is enough to be a classic photo. Of course, he still has to say something to appease. As the host, Morgan Jr. started to describe the cause of the financial crisis in a neutral tone. It is indeed caused by some irregular bankers. Now In arguing about the greater responsibility of the federal government and bankers, it has no meaning.
This is to play fifty big boards on the side, because everyone is wrong, the front word is that since everyone is wrong, that is, everyone is right, "It was before the crisis broke out that the stock market bubbled. It was quite serious, but my judgment at the time was that although the decline in the stock market was inevitable, such an avalanche is still abnormal. If it was not for someone to deliberately create a crisis, it would not be the case. The main reason is that the financial threshold is too high. Low and the chaos of small and medium-sized banks have led to this financial crisis, and future financial institutions will inevitably be subject to stricter supervision. "
"There are a lot of junk bonds in the securities market, and some financial institutions outside the regulation are to blame. The three of us have begun to identify the bonds among them, so that the bonds with real vitality appear in front of everyone." Xiao Rockefeller spoke until the end, "That's what it is for now."
"I don't understand things in the financial industry, I just come here to help!" Sheffield certainly doesn't let it be pretty. He must make a more loyal and honest image next to the two actors. "Union Bank is my bank. It ca n’t do anything but deposit and withdrawal. Let me elaborate on the reasons for this financial crisis, which is a bit difficult for me, but I was very willing to do something useful when I received the invitation. "
The slave owner instantly forgot, who brought the shock therapy, and no reporter asked this question. This is a country ruled by law. When speaking, the person in charge should be responsible. The slave owner can know which newspaper reporter you are.
After the three of them expressed their opinions, the scene suddenly remembered thunderous applause. All the reporters and representatives of financial institutions applauded with great enthusiasm, and then entered the Morgan Tower while everyone was watching. The idlers who wanted to follow up were stopped outside by the bodyguards.
On October 31, President Roosevelt formally passed approval in Congress and issued an order in the name of the federal government. All domestic banks were closed for fifteen days. During this period, they could not open for business. Violators would be severely punished by law.
The three people in the Morgan Tower made appeals through various media. Bank owners across the country brought all the bond stocks of the bank to the Morgan Tower for evaluation.
"We have expressed the greatest kindness. If these small and medium-sized banks are smart, we will quickly take the most valuable part of their wealth and let us see what is worth buying." Little Morgan fell for two guests. After a glass of wine, both Morgan and Son are people who enjoy life very much, and at the same time this is also to express goodwill.