Vol 5 Chapter 155: , The stock market crash (2 in 1, 5,300 + large

A genius remembers this site address in one second: (Vertex Chinese), the fastest update! No ads!? On April 5, 1929, the much-anticipated British Parliamentary election finally came to an end, and the Labor Party won by a narrow margin.
At the end of June, King George V appointed Labour Party leader MacDonald as the new Prime Minister and was ordered to form a new British government.
History has once again turned a new page. The Labour Party cabinet that has just gained power does not know what kind of difficulties they are about to face.
The current British economy is still prosperous on the surface, and all contradictions have been concealed by false prosperity on the surface.
Because of the defeat in the general election, the financial reform policies formulated by the Conservative Party government were naturally taken away with the general election.
A lot of messy affairs now need to be dealt with by the Macdonald cabinet, such as the follow-up of the colonial rebellion in Southeast Asia, the ongoing war in Afghanistan, and the turbulent London smog issue.
In the midst of its busy schedule, the Macdonald cabinet naturally did not realize that the British economy was already in danger, and the economic crisis was imminent.
In line with the idea of ​​pitting political opponents, the previous preparations made by the Conservative Party government only filed the records, and no one reminded them to pay attention to these.
In the days that followed, the first trouble faced by the Macdonald administration was the issue of soldiers’ pensions.
As the war in Southeast Asia ended, the number of soldiers casualties was gradually counted up. During the period of the Conservative Party government, in order to stimulate the enthusiasm of soldiers for combat, the welfare benefits, including pensions, have been greatly improved.
At present, the pension for each soldier killed in battle includes: 3000 pounds of death allowance, children's education subsidy of 0-1500 pounds, and family members' mental damage expenses of 500-2000 pounds.
On average, the total pension expenditure for each soldier is £5,000+. The number of soldiers killed in the Southeast Asian War has been determined to be as high as 53,000, of which less than 20% have been paid.
In addition, more than 12,000 people are still missing, and their lives and deaths are currently unknown. This also requires an explanation to the soldiers' families.
The dead are easy to solve, and there are still a lot of wounded, waiting for the government to resettle. The Conservative government has promised to solve the employment problem of all disabled soldiers.
Now that they have stepped down, MacDonald also needs to take over this problem. At least 100,000 people need the government to solve their employment problems.
After the war is over, disarmament also requires money, and bonuses for winning battles are always indispensable, and those who have made merits need to be appeased.
Including the colonial forces and the armies of the major dominions. People have come to help fight the war. Now that the war is over, the casualty pension will always be paid, right?
Even if the dead Asan is worthless, you always have to pay some severance pay when you are alive, so you can't let the family go for nothing, right?
In Canada, New Zealand, Australia, and North America, the London government always has to bear part of the military expenses of these three countries, right?
Otherwise, the next war will probably not call anyone!
In total, Prime Minister MacDonald was surprised to find that the war was really life-threatening. The suppression of a small Southeast Asian rebellion would cost three to four billion pounds in follow-up expenditures.
Even if the British Empire has a big business, they can't afford it? The cost of the war was added up to a billion pounds.
This is much higher than the cost of war during the Boer War. Sure enough, high-tech warfare is costly. The cost of a tank can be equipped with a battalion, and infantry is always the cheapest.
"Your Excellency, the Ministry of Finance can't spend such a large sum of money now, which is equivalent to one-third of our fiscal revenue this year!" Chancellor of the Exchequer Peter Zou said, frowning.
It is now the second time in history that the Labor Party has been in power, although the first time was only nine months away, it was ousted from power.
Under Ferdinand's butterfly effect, they have only just stepped onto the stage of history, without any ruling experience, facing these problems is naturally extremely difficult.
"What plans did the previous cabinet have, I don't believe they are not prepared?" McDonald asked.
"Unfortunately, Prime Minister, the plan of the previous government was only a draft and did not provide a solution. We still need to solve this problem!" The Chancellor of the Exchequer Pete said helplessly.
Even if there is a way, it will be left to your political opponents? Moreover, whether they dare to use the plans left by the Conservative Party is a problem.
"So what does the Treasury Department plan to do? Is it an external loan or a bond issue?" McDonald asked concerned.
"We suggest that we still issue bonds. If we make loans to a consortium, we may lose the initiative in the future!" Chancellor Pete said cautiously
The money from the consortium is not easy to borrow. Once you get involved with them and get bitten off, it is impossible.
Any politician knows that if you can't deal with consortia, you shouldn't deal with them. It is very troublesome to owe them favors.
No one dared to owe it without paying it back, and those who dared to fall back on the bill had no good results in the end. At some point in the future, because of this favor, they will have to make some unwilling decisions.
"Okay, let's do it this way, first clean up this mess, and don't let the Conservative Party get the handle!" McDonald thought for a while and said
Compared with the Conservative Party, the foundation of the Labor Party is still too weak. If it were not for the outbreak of smog, they would not have won so easily.
"Prime Minister, there is another problem, that is, the problem of London weather. After four or five months at most, the smog will come back again.
The last government was ousted because of inaction on this issue. Now this thorny issue is in our hands. "The Secretary of State Rice said
In order to win the general election, the Labor Party clearly regarded solving the London smog problem as a campaign platform. This won a big victory in the election of parliamentarians in the London constituency and laid the foundation for their admission to Downing Street.
Now is the time to fulfill the promise. Otherwise, when winter arrives, people will find that the weather in London has not improved, and they will probably start protesting again.
You know, the total population of London has exceeded 10 million, and more than a quarter of the votes are cast here.
If anyone offends such a large group of people, it is estimated that they will never want to continue to mess around in the political arena. The votes in their hands are enough to determine the outcome of an election.
This problem cannot be fooled. Once winter comes, all problems will be exposed. If there is no visible result, the protesting crowd will soon block Downing Street.
MacDonald has no way to learn from the previous government and formulate a so-called three-year plan to delay time. During the general election, he boasted Haikou, and now it is too late to take it back!
"Do you have any comments on how to solve this problem while maintaining as stable as possible?" McDonald asked.
"Considering the actual situation, we have formulated a corporate relocation plan that minimizes the impact as much as possible, mainly for some companies in and around London.
The government has given certain tax incentives and tried its best to persuade some major polluting companies to relocate. The first batch of companies to relocate include: 12 chemical plants, 15 manufacturing plants, three steel plants, two coking plants..." The Minister of State Les gushed
"What are you talking about? There is a chemical plant in London, how is this possible?" McDonald said in disbelief
"Your Prime Minister, chemical plants in London have always existed. After the outbreak of the American flu, everyone recognized the dangers of chemical plants, and there were talks of moving chemical plants out of cities around the world.
However, there are very few countries that can actually do it. At present, it is estimated that Bulgaria has done it among the big countries that really keep chemical plants away from cities.
The Lloyd-George government, under the pressure of domestic capitalists, finally only relocated a few chemical plants in the city of London, and abandoned the relocation of chemical plants around the city! "The Secretary of State replied
"I finally understand why the smog is poisonous. With these tumor factories, it is hard to think of not being poisoned!
No matter what happens this time, we must let them all move away. Where is the factory, it is simply a bunch of untimely bombs.
In case of an explosion that day, the whole of London will be over! No, it should be said that the entire British Empire is finished!
Sorry, I'm so excited, go ahead! "MacDonald said excitedly
Sure enough, the pandemic in the United States is not without effect, and the improvement of everyone's safety awareness is not just a matter.
At this time, experts said that it would be useless to break the sky. Anyway, everyone thinks that chemical plants are around the city, that is a threat.
"It doesn't matter, I can understand your feelings. When I first saw these news, I felt the same way!
We can publish the list of these factories in the newspaper. If they refuse to move, the citizens will help drive them away!
The last remaining diehards are our real enemies. At that time, the government can issue a decree to force them to shut down! "Les said indifferently
Sure enough, they were playing politics. They didn't dare to confront the capitalists directly. They resorted to public opinion to achieve their goals and used public pressure to force the capitalists to relocate their factories.
As for compensation? That's all symbolic!
To relocate so many factories is not so simple. There is a lot of work before and after, and the cost is naturally not low.
This requires re-selecting the location of the factory, refining the plant, relocating machinery and equipment, re-assembling, and finding ways to get the workers over.
It would be impossible to complete these tasks without a year and a half. This means that all relocated companies should not want to start operations normally in the next year.
The enterprise cannot start normally, what should the workers do? Let the capitalists feed it, or the government pay to feed it?
Anyway, they don't have any savings, they can't afford to support themselves, let alone have a family?
Has the McDonald cabinet considered these issues?
The answer is: no!
Don't think that they are the Labor Party, that is, a party representing the interests of the working class. In fact, the two sides have no relationship at all.
It's nothing more than when it comes to getting votes, to open up some lofty theories and say that in essence they are still a bourgeois party. They were still pioneers when suppressing the labor movement.
Therefore, the biggest problem is ignored.
It's just that these politicians are not stupid. They know that they come in batches. Don't look at their criticism of the Conservative Party's smog control plan. They just used it when they took office.
First move the heavy-polluting enterprises. Without these dozens of large factories, how can London's pollution be reduced?
As long as there are visible results, the following problems will be much easier to deal with, and the people are still easy to fool, and it is enough to transfer all the responsibilities to the capitalists.
...
London in August is the best weather of the year. As the so-called autumn is so beautiful, it is a good time to go out.
The world economy is still advancing by leaps and bounds. No one notices that behind the bustling city, there are already mountains of goods in a certain corner of the city. Because they can't find a suitable buyer, they have to throw them away like garbage.
On Friday, August 18th, the Macdonald government announced the London smog management plan. Seeing the government's action, the citizens of London were excited. The weather can finally say goodbye!
They still don't know that the disaster is coming, but many well-informed people have already reacted.
Companies on the blacklist must suspend production within three months and move out of London within a year, which means that they will not be able to produce normally for at least one year in the future.
Obviously, this is fatal to the company's stock price. If the company is unable to produce normally, then the market share of the product will naturally fall sharply.
It is easy to lose the market, but it is difficult to get the market again! Competitors, in the shortest time, will seize the market they leave behind.
This loss is not only the year of suspension of production, it is likely to cause an industry giant to fall, and never recover.
This is the reason why the Conservative Party cabinet did not immediately shut down these companies. The loss is too heavy, there is no way to explain to the benefactor behind it?
Now it is obviously another wave of capital consortia who support the Labor Party government, so they dare to use these companies as soon as they come to power.
Even so, they are prepared to rely on public opinion to force the capitalists to relocate on their own initiative, instead of going directly to the battle.
It was sunny on Monday, August 21.
On this sunny day, as soon as the London stock market opened, there were a large number of selling orders, and the stock prices of all companies on the government's blacklist fell sharply.
Everyone is not optimistic about these companies, so naturally no one will take over. Looking at the plunging stock price, some people can't help it.
Since these companies have to relocate because of the smog problem, what about other companies in London? Will they need to move out of London because of the same problem?
The seeds of doubt are planted in people's hearts, and it sometimes only takes a moment for them to take root and germinate.
Soon the selling order appeared again, and then it was out of control. For all companies with factories in London, one of them counted as one, and the stock price began to plummet!
As of the close of trading on the afternoon of August 21, a total of 112 stocks in London had fallen by more than 50%, and the London stock market had dropped by 8.94%!
In one day, the London stock market evaporated nearly two billion pounds, setting the highest single-day drop in history!
For many investors, this is undoubtedly a bolt from the blue. A lifetime of savings is ruined, and the next half of their lives will have to carry huge debts.
In the early morning of the next day, the London stock market opened again. An imagined strong rebound did not occur, and a large number of stock selling orders appeared at the opening.
At this time, smart people all reacted. The stock market crash is about to come, and it will be over if it doesn't run.
This time, not only were the stock prices of these companies falling, but all the companies' stock prices were falling, and there were still sell orders everywhere, but there were very few takers.
"Jumped!"
"Jumped!"
...
Finally someone couldn't stand the stimulus of becoming a millionaire and started jumping off the building. Outside dozens of stock exchanges in London, it was raining zongzi!
On this day, the number of deaths from jumping off buildings in London exceeded the total number of deaths from jumping off buildings in London in the past year.
What's more, the unlucky one just crossed the road and was smashed into meatloaf by the stuffed pie from the sky! From this day on, British people must pay attention to the top of their heads when they go to the streets, so as not to be hurt.
"The stock market crash is coming!"
Everyone knows the news. The British use "Black Monday" to describe this stock market disaster every day, and the Macdonald cabinet as the instigator feels pressured.
This is simply a disaster, don't they just want to control the smog in London? Who knew it would cause a more terrifying stock market disaster?
If they knew that there was such a big hidden danger, their measures would definitely not be so radical. Can they wait for the company to build a new factory before letting them move?
Why are you so urgent? Well now, the government has become the chief culprit in the minds of the people, and the hatred is full. Everyone knows that they caused the stock market disaster.
Don't expect that Londoners who suffered heavy losses in the stock market crash will appreciate their difficulties at this time and stand up to support them!
If the stock market crash problem cannot be solved and the economic crisis is finally triggered, their good days will be over~EbookFREE.me~ There are not a few governments in the UK that have been kicked out in advance!
"Your Excellency, save the world! At this time, only the government and the consortium can rescue the market together to avoid a bigger crisis!" The Chancellor of the Exchequer Pete said cautiously
"But, Mr. Pete's consortium was not run by us. If there are no conditions, they will not take action!" McDonald frowned and said
"Or, let's withdraw the ban on corporate relocation, first stabilize the stock market, and then proceed slowly?" Foreign Secretary Clay proposed
"No, it's even more undesirable to make changes in the day and night. The crisis has already detonated. Even if the relocation order is withdrawn, I am afraid there is no way to restore confidence!
On the contrary, these people who have suffered heavy losses in the stock market will hate the government even more, causing uncontrollable conflicts! "MacDonald shook his head and said
"Let's go to the king! At this time. Only the royal family can let all the consortiums let go of their prejudices, and everyone can join hands to overcome the difficulties!" Minister of State Rice proposed.
The British royal family has mastered the largest consortium in Britain, and it is already an open secret at the top. At this time, something went wrong and they had to ask the consortium for help, which could not avoid the king.
Whether they want it or not, the McDonald's cabinet wants to save the city, they must pass the George V pass, even if they have to pay some price, they can't help them choose.
This is the king's advantage. The prime ministers take turns. When the kingship and the opposing power conflict, as long as the interests are sufficient, they are likely to compromise. Anyway, this cannot be hereditary!
Usually this happens at the end of the term. It is not a big deal to give up some rights to the king for one's own benefit.
"Okay, let's go to the king together. The situation is now very dangerous!" MacDonald said cruelly
...