Vol 3 Chapter 5: , The economic crisis is coming again

Ferdinand did not stop after inspecting the Sliven New District, and went directly to the last stop of this trip-Plovdiv.
Ferdinand, who has been away from Sofia for almost two months, is now a little homesick. It may be the reason for being a father for the first time. Ferdinand already misses the little guy a little, and does not want to miss every little step of his son's growth.
Therefore, Ferdinand's temporary national tour, which is quite anticlimactic, is about to come to an end.
But Ferdinand’s political purpose-telling the bureaucrats that the king value industry has now been achieved, and Plovdiv is the last stop of this tour!
Plovdiv has a unique position in Bulgaria. It is also the second largest city in the country with a long history and culture, second only to Sofia.
Plovdiv is located on the upper reaches of the Maritsa River, on the north side of Rhodope Mountain. It has a history of more than a thousand years and is one of the sources of the revival of the Bulgarian nation. The Bulgarian national heroes Potev, Levsky and the great writer Vasov have all lived here.
At the same time, Plovdiv is also the most prosperous agricultural area in central and southern Bulgaria. It is surrounded by wide plains and fertile land, rich in food, various fruits and vegetables.
And Plovdiv is also one of the most important transportation hubs in Bulgaria, located on the Eurasian artery. The transit station from Belgrade, Sofia to Constantinople is one of the most important trade centers on the Eurasian University 6.
After the Austro-Hungarian Empire occupied Serbia, Ferdinand once had the idea of ​​moving the capital to Plovdiv. It was only after seeing the poor performance of the Austro-Hungarian army and comprehensively evaluating the strength of both sides before he gave up this plan.
After all, the current Bulgaria is no longer the Bulgarian in history. Although Sofia is a little closer to the Austro-Hungarian Empire, after all, the Niš area is added to serve as a strategic buffer. With the current military strength of Bulgaria, it can still be defended.
Moreover, since the Balkan War, the morale of the people in Bulgaria has reached its peak, and the relocation of the capital is likely to cause criticism and undermine morale.
Plovdiv is a comprehensive city with agriculture as its core and commercial trade as its supplement. The industries it owns are also supporting enterprises mainly exhibiting agricultural products processing enterprises, and there is almost no heavy industry.
Therefore, this stop will soon be over. After all, Ferdinand cannot personally inspect the food factories, otherwise it would be too lost.
Bulgaria is now very different from before. Ferdinand will not visit it in person except for particularly important industries!
Time flies, Ferdinand comes out of Sofia in Golden Autumn in October, and it is almost Christmas when he returns.
At this time, little Ferdinand was able to crawl everywhere on the ground. Now teaching the little guy to talk every day-called "Dad", is one of Ferdinand's most important jobs.
It's a pity that no matter how hard he works, the little guy always doesn't buy it. He just says "oh, oh" and doesn't know what he is talking about.
While Ferdinand was enjoying the family happiness, an intruder broke in and interrupted his family happiness.
"Grand Duke, Britain and Germany have agreed to a compromise!" The Minister of Foreign Affairs said hurriedly
Ferdinand’s face changed slightly. He thought that his butterfly effect could make Britain and Germany colonies of South Africa. After a while, he didn’t expect the two countries to compromise so soon!
You know, the British talents just put Germany together in the partition of the Portuguese colony, and William II has not had time to retaliate, and now it is calmed down.
"What's the matter? Germans shouldn't compromise so quickly?" Ferdinand asked in confusion.
Metiev explained: "On February 22, 1898, the King of the Kingdom of Samoa passed away. On the issue of succession to the throne, Britain, the United States and Germany clashed fiercely.
However, the British gave in to the Germans, and the Salisbury government tried to ease the relationship between Britain and Germany. The British transferred their interests in the Kingdom of Samoa to the Germans, which was regarded as compensation for the Portuguese colony.
In addition, the Germans also obtained the right to build the Baghdad Railway, and the British agreed to Germany's free movement in Asia Minor.
The German government has accepted the British compensation and agreed not to continue to support the war between the Boers and the British! "
Ferdinand thought for a while, quite a headache. Bulgaria is still too weak. These international diplomatic games are simply not eligible to participate.
The interest trade between Britain and Germany made Ferdinand very worried. If Britain and Germany reach a comprehensive compromise and really form an alliance, then things will be really big!
Don't talk about the Russian alliance, even if it brings all Italy, the United States, Japan, and the Austro-Hungarian Empire over, it will not help. Even if all the other countries in the world add up, they are not rivals of the two countries!
Of course, Ferdinand knew that this situation was unlikely.
John Bull cannot tolerate the unification of Europe. It is impossible for the French or Germans to unify Europe.
Judging from the current situation, Germany's economic development in recent years has been astonishing. Ferdinand also knew that after entering the 20th century, the spread of the Germans was crazy!
Unless John Bull is willing to give up his position as the world leader, the contradiction between Britain and Germany cannot be eased. Irrelevant interests, when the Germans become strong, they naturally threaten the status of the British.
As for the Americans whose economic development is faster, they are ignored. Apart from the fact that the United States is far away from Europe, there are also weak military strengths.
The core problem is that the United States does not have a dominant nation. If the war breaks out in the United States, their staying power will be the worst. Once at a disadvantage, it is easy to split!
Of course, this was generally believed by the European powers at the end of the 19th century. As for whether it is true or not, no one knows before playing! However, it cannot be denied that the ethnic contradictions in the United States at that time were indeed very intense!
Ferdinand can only pay attention to these things at any time, so that he can stand in the international diplomatic game. In principle, he is on the side of the winner!
...
At this time, an undercurrent had begun to spread in Russia. Yes, the Jewish bankers felt that the harvest time had come and they were preparing to cut a wave of wool on the Russian stock market. Of course, other consortia also had a share. The Russian financial crisis was imminent.
However, no matter who it is now, no one expects that the harvest on the stock market will lure the Russian financial crisis, and then brew a more serious economic crisis, spreading to the world.
Teddy bear's money is not so easy to take. The Jewish bankers made a lot of money, and then suffered ordinary Jewish people to suffer for them, and then Russia gave birth to the anti-Semitic movement!
Of course, even if they know that there will be such serious consequences, capitalists will not show mercy, and the lives of their compatriots are worthless!
Otherwise, there will not be so many anti-Jewish movements in the world. It can only be said that the Jewish capitalists are too keen to die, and ordinary people can only be regarded as incidental!
Of course, no one knows all this yet. Even Ferdinand only remembers that at the end of 1899, Russia burst into an economic and financial crisis, which led to an economic crisis and spread to the world.
As for the specific reasons, it was only after the economic crisis broke that Ferdinand figured out the cause and effect, and now he is still busy taking out loans!
"Mr. Kennedy, how is the loan work going?" Ferdinand asked concerned.
The Chancellor of the Exchequer Kennedy said with a wry smile: "Your Majesty, the first batch of loans has already been obtained. But is it really necessary for us to borrow so many loans?
If the previous loans are added, so far, the Bulgarian government has owed a total of 1.5 billion lev international loans to countries such as Britain, France, Germany, Russia and Belgium; it has also owed a total of 380 million levies to the three major domestic banks. Commercial loans from Russia; and various government bonds, totaling 220 million lev!
These add up to 2.1 billion levs, which is four times our fiscal revenue. If you add the 500 million levs to be loaned later, it is 2.6 billion levs. The annual interest expense is as high as 200 million levs. Is this ratio too high? "
After Ferdinand took the throne, Bulgaria's exhibition has been very fast. The fiscal revenue has increased ten times compared with 1887, and the comprehensive national strength has also increased ten times compared with 1887!
As fast as the Bulgarian exhibition, there are debts. From the initial foreign debt of less than 200 million levs, Uukanshu.com has snowballed to 2.1 billion levs, and there is a trend of continued expansion!
Debt has always been proportional to the growth of national strength. This is the status quo in Bulgaria! Ferdinand doesn't really matter. There is the pressure of the world war. In his heart, everything is centered on the growth of national power. All other things are trivial, but other people can't stand it!
Constantine said anxiously: "Yes, Your Majesty! Our debt is growing too fast. If we don't restrict it, interest alone can drag us down!"
Ferdinand was shocked. Unknowingly, Bulgaria had already owed an astronomical amount of money. In case of any accident, the Bulgarian government might follow in the footsteps of the Greeks!
"Well, our current economic aggregate has been greatly increased compared to before, but our currency volume has always been unable to keep up with the economic growth, or we can find a way to print a batch of currency to reduce the financial pressure!" Dinan thought for a while to say
The Chancellor of the Exchequer smiled bitterly and said: "Your Majesty, we have also thought about this issue, but Bulgaria has a gold standard and our gold reserves are insufficient. If we increase the currency rashly, it will easily cause currency devaluation!"
Ferdinand pretended to be surprised and said: "Is there no way to solve the problem of gold? The Balkans is also Europe's most important gold producing area. Now the main gold mines are on our territory. Can we not get enough gold? ?"
That's right, Bulgaria's debt is increasing, and the total economic volume is increasing. That is, the currency is insufficient. Everyone knows that printing money is the most profitable.
Unfortunately, now is the era of the gold standard. To print banknotes, you must have a certain amount of gold as a reserve. Otherwise, in foreign trade settlement, other countries will not
Please remember the domain name of this book's first publication:. Bookstore mobile version reading URL: