Vol 5 Chapter 128: , Strength comparison

A genius remembers the site address in one second: (Top Chinese), the fastest update! No ads!? Time flies quickly, and 1927 comes to an end.
This year has been a good year for the people of all European countries. The world economy is prosperous. With the disintegration of the Russian Empire, the European shadow that was once no longer exists, and world peace has taken another step forward.
In 1927, the global economy grew by 5 percentage points. Of course, this is an averaged figure!
This era of great economic prosperity is mainly due to the economic prosperity of Europe and America, which has developed well with parts of Asia, and has nothing to do with backward non-colonies.
Among them, Britain, France, Bulgaria, Germany, and Austria have the fastest economic development, and then the world economy has soared.
Together, these five major economies account for 72% of the world's total economy. It can be said that when these countries are prosperous, the world economy is prosperous.
If the GDP is calculated, the growth rate of this era is absolutely astounding. The GDP growth rate of London this year exceeded 30%.
In fact, there is no practical significance. It is nothing more than the addition of a few real estates, and the housing prices have gone up a lot, which has increased the economic aggregate of London.
Affected by the real estate boom, the wages of British construction workers soared by 20% this year, as if the best time had come.
Affected by the rapid economic growth, even the situation in Southeast Asia has not improved, and the British people have not allowed Stanley Baldwin to stand. After all, such an expert in economic development is hard to find!
Not only the United Kingdom, but the entire European real estate industry is developing very fast. As long as the housing prices in big cities are rising, the real estate speculator group has been born and is undergoing the most superficial operation.
Bulgaria is no exception, but the real estate speculators have hit a wall this time.
The largest landlord in Bulgaria is the government. Without their cooperation, it would be impossible to achieve super high housing prices?
What is even more tragic is the Bulgarian real estate transaction law. All second-hand houses purchased within ten years will be subject to a 20% property tax, and another 50% property tax will be levied on another transaction within five years.
In other words, if you want to make a short-term investment, if the house price growth is less than 50% in five years, you will lose money if you want to sell.
It is easy to buy, but it is difficult to sell at a high price. Going to a sparsely populated country to overtake a house, holding a large amount of real estate, how can it be so easy to find a picker?
Are there any restrictions on the land for building houses in Bulgaria? As long as you have the money to buy land, you can develop real estate at will. The housing market for urban residents has long been saturated.
At present, nearly half of the real estate in Bulgaria's cities are developed by the government. As long as someone dares to buy it, Ferdinand dares to sell it.
When there is a shortage of houses, the government will continue to develop real estate. If you want to stock up on houses, you can play as long as you have money. There are no restrictions, and there is no real estate tax.
In the face of an unrestricted government supplying real estate, any speculators will collapse and cannot create a shortage of goods in the market. How to raise prices?
As of the end of 1927, real estate transaction prices in Sofia had only increased by 30% compared to a decade ago, which was not as high as that in London in a quarter.
Affected by the positive news of real estate, the British economic growth rate reached an astonishing 12.1% in 1927, setting a new high in 50 years.
The loan shark empire next door was even more fierce. In 1927, the economic growth rate soared to 13.8%, exceeding the peak level of 1914 in one fell swoop.
As a price, the total amount of domestic industry in Britain fell by 15.3% in 1927, less than two-thirds of what it was before the World War.
Affected by this, steel production fell below 7 million tons, and coal energy consumption also fell by 16%.
If it continues, it won't be long before the smelly London will cease to exist, and the green hills and waters will be around the corner.
Ferdinand can also be regarded as a major contribution to the environmental protection cause of the United Kingdom.
The situation in France is much better. In 1927, the total volume of industry in France also fell by 3%, and steel output remained unchanged at 6.8 million tons, which is considered stable.
This has something to do with the industrial structure of the two countries. What the French industry can transfer is almost the same in the first two years.
Coupled with the relationship between local resources, light industries such as food processing and wine have always had good profits. Even if the French transfer production capacity, they cannot give up these advantageous industries.
This aspect is unmatched by the British. Most of their raw materials need to be transported back from overseas colonies, manufactured into products and then sold back to the colonies.
Not only the freight is increased, but also the high local labor costs are added, so naturally there is not much profit.
Therefore, British capitalists can transfer these industries out without hesitation to obtain greater benefits.
The French capitalists are different. The raw materials are locally produced. Instead of shipping them out for OEM and then shipping them back, it is better to produce them locally.
Industrial transfer is like a floodgate, once opened, it cannot be closed again.
In order to pursue interests, capitalists are more in line with their interests to build factories in areas where raw materials are produced or where human resources are cheap.
It can be said that the future hollowing out of industries in Britain and France has become a foregone conclusion. And it will be passed on to European countries. In the future, labor-intensive industries will bid farewell to Europe.
This is also the reason why Ferdinand continues to expand. If he does not control the origin of some raw materials, he will face a very embarrassing problem in the future economic development, and the cost of production will lose competitiveness.
"Your Majesty, this is our domestic economic development report in 1927, and the rest is the economic development of the world." Constantine said
From the perspective of fiscal revenue, Bulgaria’s total government revenue in 1927 was 17.812 billion lev (approximately 712 million pounds), which was only 940 million pounds in the British Empire, and far exceeded the French’s 72.8 billion francs (after devaluation, About 262 million pounds).
(Note: After the World War, affected by inflation, the currencies of various countries have depreciated because the production of gold has increased, and the ratio of gold linked to gold has not changed, but the purchasing power has declined)
It can be said that the so-called three major European countries, the French have completely fallen behind, and there is still a qualitative gap.
This is still based on Ferdinand’s butterfly effect. The French did not lose that much in World War I. There were more Cuban colonies and part of the Panama Canal control.
The data in history is much more miserable than it is now. It has the status of a great power without any economic strength to match it.
In terms of economic strength, the current British Empire is a bit stronger than the United States at the same time in history, and Bulgaria is weaker than the United States.
If it were not for the impact of the war in Southeast Asia, the British financial income could increase by tens of millions of pounds.
If you calculate it again, that part of the fiscal revenue that the British states have intercepted is much larger.
After all, it is the British Empire in history, plus half of the American economy. In terms of economy, no country in the world can match them.
It was followed by 165 million pounds for the Austro-Hungarian Empire, 123 million pounds for the Germans, and 83.48 million pounds for the Japanese.
Under normal circumstances, Germany's fiscal revenue is not limited to these, but the foundry, as the main industrial entity, is not taxable.
Fiscal revenue is not equal to the total economy, but from the perspective of fiscal revenue, the gap between Bulgaria and the British Empire is already very small, and it seems that it is close to surpassing the British.
In fact, the economic aggregates of the two countries are still far apart. The British Empire is still the world's largest, accounting for 42.4% of the global economy, with a total GDP of approximately £22.3 billion.
(Including colonies)
Bulgaria is closely followed, which accounts for 15.78% of the world economy, with a total GDP of approximately 8.3 billion pounds.
The third-ranked Germans account for 7.9% of the world's total economic output, with a total GDP of about 4.2 billion pounds.
The French, ranked fourth, accounted for about 7.7% of the world's total economy, with a total GDP of about 4.1 billion pounds.
The fifth-ranked Austro-Hungarian Empire accounts for about 5.3% of the global economy, with a total GDP of about 2.73 billion pounds.
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These data are all used to fool the people. In fact, neither the so-called economic aggregate nor the national GDP can explain the problem.
For example, Germany's economic aggregate and GDP are both high, so is Germany prosperous in this era?
In the same way, France’s economic aggregate is so close to that of Germany, even if it surpasses Germany, it will be a problem for the coming year. Does France have greater war potential than Germany?
Obviously, there are serious bubbles in the economies of Britain and France, but this does not mean that they are not strong. Domestic economic data may be false, but the colonies that produce raw materials cannot be faked. This is also part of the overall national strength.
In terms of economic output alone, Bulgaria is currently at most the same as the British mainland, but the national strength of the British mainland is definitely not as good as Bulgaria.
After all, Bulgaria far surpasses the British mainland in terms of total industrial volume. The gap in total industrial volume between the two countries is also continuing to narrow.
In 1927, the total industrial volume of all countries in the world accounted for the following proportions:
United Kingdom: 27.6%
Bulgaria: 24.2%
Germany: 15.6%
Italy: 8.7%
France: 6.9%
Austro-Hungary 5.1%
Commonwealth of the Great Lakes: 2.8%
Japan: 2.1%
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The wings of a butterfly can always cause great changes. From a data point of view, Bulgaria’s economic strength is still far away from catching up with the British, and there is still a chance for the total industrial volume.
In fact, at this point, explosive growth is no longer realistic. Industrial growth must have a market, right?
Bulgaria has come to the present, and almost all markets in Eastern and Southern Europe have been occupied. Even the Austro-Hungarian Empire, an industrial power, has actually become the Bulgarian market, and their total industrial volume is supported by light industry, such as the grain processing industry and mining industry.
If the industry does not count the mining industry but only the manufacturing industry, this figure may be more illustrative.
Ferdinand would not do such statistics, so as not to attract the attention of the British.
Now that the British are very wary of the rise of Bulgaria, there is no need to stimulate their sensitive nerves so as not to aggravate the political confrontation between the two countries.
Even when propagating to the outside world, Bulgaria has always only announced the total economic volume, and other data are separately counted. It has not been released to the outside world, and it is enough for the senior government to know.
In the eyes of the British, the British Empire is still a well-deserved world hegemon.
In terms of economics, the powers ranked second, third, fourth, fifth, and sixth are inferior to them. Even the second-ranked Bulgaria has only 37% of their total economy!
How about the threat of peace talks if you don't even reach half?
It is completely different from the fact that the total economic output of the United States and Germany surpassed that of the British Empire!
It's just that the London government wanted to suppress Germany at the beginning, so the confusing data shows that the German economy surpassed the United Kingdom, which only surpassed the British mainland, not the British Commonwealth.
Before the outbreak of the World War, Americans had the largest manufacturing industry in the world, but that did not mean that Americans also surpassed the British Commonwealth.
The large colony of the British Empire still occupies a very important total economic volume. After all, it is a population of five or six billion and a land of more than 30 million square kilometers. How can the total economic volume be small?
The economic aggregate before World War I was calculated in U.S. dollars at the time: 14 billion in the United States, 12 billion in Germany, 11 billion in the United Kingdom. This refers to the total economic output of the United States, plus the colonies or the United Kingdom, otherwise the overall national strength would be the German Up.
It's just that when this part of the colony's total economy is transformed into war potential, this ratio is very low.
Otherwise, the British Empire, which had the largest overall national strength at the time, would no longer be explosively defeated by the Germans, and would need American help.
Compared with the economic disadvantage, Ferdinand is satisfied with the population. By the end of 1927, the population of Bulgaria was close to 60 million, which was actually 59.658 million.
The gap of hundreds of thousands ~EbookFREE.me~ can be ignored. On the one hand, Bulgaria has a high population emergence rate, and on the other hand, there are many immigrants from European countries.
Of course, they are mainly Russian refugees. As time goes by, these people who came before have also joined Bulgarian citizenship. Basically, hundreds of thousands of people are naturalized every year.
This is also the reason that the government has relaxed some naturalization restrictions. As long as they are skilled workers, speak Bulgarian, and have no moral criminal record, they can directly naturalize the whole family.
Because of the relationship between the Great Railway Project and the Great Highway Project, skilled workers have become popular. These two technical contents are low, as long as you love to study for three to five years, you will become a master.
In this case, Ferdinand is also happy to see it happen. People who can learn actively are all high-quality laborers!
Bulgaria has passed the initial stage of industrialization and no longer needs to exploit foreign labor and accumulate primitive capital.
At present, there are more than 6 million foreigners in Bulgaria who have not obtained a nationality, of which more than 70% are Russians, followed by foreigners from all over the world.
With the end of the Russian Civil War, some people will definitely choose to return to their country. In order to retain the labor force, it is very necessary to relax the nationality control.
With these population figures, Ferdinand was relieved that after the disintegration of the Russian Empire, Bulgaria was already the second most populous country in Europe.
And it is still in the stage of population rejuvenation. Compared with the aging Germany, even though Germany is more dominant in terms of population, the number of labors is comparable.
If all these foreigners can be integrated, Bulgaria's population can exceed 80 million in less than ten years. In Ferdinand's lifetime, the population can definitely easily exceed 100 million, and the Bulgarian Empire will become worthy of its name!
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