Mediterranean Hegemony Road

Seeing this result, Ferdinand didn't know whether to cry or laugh!

This novel version of the history of ethnic origin was mainly created to promote the integration of various ethnic groups in Bulgaria.

Unexpectedly, to a certain extent, it also helped Austria-Hungary and Russia. Compared with Bulgaria, their ethnic conflicts were more serious!

The main nationality of the Austro-Hungarian Empire is less than 30%; the Russian Empire is not much better, and it dangles on the 40% edge. Both countries need a set of theories to promote national integration!

Ferdinand's fictional version of the history of ethnic origin just met this condition and was directly used by them. As for the effect, only God knows!

Anyway, Ferdinand is not optimistic about them, and relying on the executive capabilities of the Austro-Hungarian and Russian empires, wanting to instill this set of close relatives theory is tantamount to dreaming!

If the language cannot be unified, even if you say the smallpox is falling, the gap between them cannot be eliminated. People will ask, why is there such a big gap in our cultural heritage?

After the outbreak of nationalism in the future, it's still what we should do!

...

The economic crisis for Bulgaria: "The immediate crisis is also an opportunity!"

Although the economic crisis temporarily interrupted Bulgaria's economic development, industries around the world are now depreciating. Many things that Bulgaria couldn't afford before can now be bought at low prices.

For example, before Ferdinand spotted a difficult shipyard in England, the offer price was 1.5 million pounds. I still buy it if I love to buy it. I do n’t buy the expression that I bought. Now half a million pounds is a high price, and it continues to depreciate!

The major countries of the capitalist world are now overcapacity, and all the capitalists who are usually coercion and coercion are having a hard time.

First, it suffered heavy losses in the stock market, and then faced cruel market competition. The more you produce, the more you lose, the product cannot be sold, and the bank's loan has stopped. In order to withdraw funds, everyone has to sell at a reduced price!

You drop and I also drop, he dropped even harder, vicious competition began to cycle, and every factory was bankrupted, and was sent to the auction table by the bank!

Ferdinand, which was already prepared, is of course buying and buying now!

...

"Your Majesty, this is the purchase list delineated by the Ministry of Industry, please look at it!" Said the Minister of Industry and sent a thin procurement plan

Ferdinand took it over and glanced. Although the content was small, the appetite of the Ministry of Industry was not small this time, covering almost the entire industrial system.

Including metallurgy, electricity, fuels, chemicals, shipbuilding, machinery manufacturing, transportation ... plus Bulgaria's existing industries, the industrial system at the end of the 19th century was basically complete.

The planned acquisition of 148 factories involves a total capital of up to 1.5 billion levs, about 60 million pounds, almost to catch up with Gengzi's compensation!

This is still the price in the economic crisis. Ferdinand is sure that if this number is increased by four or five times during the economic boom, it may not be able to get it!

No wonder the Finance Minister's eyes are not right. Obviously, the government cannot get the money. Moreover, even if these factories are bought back, how to make them run is a problem!

It's not a matter of people. Now is the time of the economic crisis. The army of unemployed is everywhere. It is still easy to dig people.

The question is, how can these factories survive after these factories are up and running! There must be a market for the product?

For example, the two 30,000-ton docks and three 20,000-ton docks in this plan look very good, but Ferdinand can be sure that after it is established, it will be able to survive in half, and it is all a record!

Another example is this steel plan. After theoretical completion, Bulgaria can reach an annual output of 3 million tons of steel. Ferdinand is very doubtful, who can steel be sold to at that time?

...

Anyway, this series of acquisition plans is very radical! Ferdinand is a little skeptical, who is the passerby?

Does everybody know that the Russo-Japanese War would break out in 1904, so that the Russians would be volunteers? Not right, even the Russo-Japanese War cannot help consume so much capacity!

Russians also have industry, and even if they purchase foreign goods, they are only part of it, and they also face competition from European countries.

Moreover, the Russo-Japanese War ended within a few years. Who should it be sold to then? Ferdinand doesn't think that Bulgaria can develop so fast. In just a few years, he can consume this part of the production capacity!

Even with confusion, Ferdinand asked with patience: "Can the Ministry of Industry explain this plan?"

The Minister of Industry said a little embarrassingly: "Your Majesty has a rare opportunity! Now such industrial equipment are all cabbage prices. If you miss this opportunity, you ...

Before the Minister of Industry finished speaking, the Minister of Finance Kennedy interrupted him: "But the problem is, even if the price of cabbage is now, we can't afford it!"

This reason is very powerful, so strong that no one can refute it. The Bulgarian government has just completed the immigration and is still in high debt. It is simply impossible to take out this huge sum of money!

It received 4.26 million people and sent 2.67 million people away. The Bulgarian government completed a migration of 6.73 million people in just three years. Even if each person spends a thousand levs, this is a huge sum of 673 million levs, in fact the cost will only be greater!

Coupled with domestic construction, the total debt of the Bulgarian government has grown like a snowball, and now it has reached the peak of 2.6 billion levs!

Ferdinand also knows that the Bulgarian government can no longer make large loans, which is almost four times the fiscal revenue.

It is the beginning of the 20th century, and not the 21st century. The four-fold debt ratio has not crushed the Bulgarian government. It is already a record-breaking, and if it is increased, Greece is a lesson learned!

Ferdinand asked: "How much money can the government finance now withdraw without affecting domestic construction?"

Chancellor of the Exchequer Kennedy thought for a while and said, "Up to 700 million levs, including the emergency funds raised later, 500 million levs!

Taking into account the actual situation, after these industrial equipments are purchased, they must be put into production. We must leave at least 300 million funds for the subsequent supporting facilities construction! "

According to Kennedy, the Minister of Industry's ambition was poured out, "How about a penny to stump a hero?"

Now the gap is not eight million, and the government is crowded out. The funding gap of more than one billion levs, even if the Bulgarian government really sells iron, cannot make it up!

"What can we do? Your Majesty, our big industrial plan is at a critical moment, and we can't stop now!"

Looking at the performance of the Minister of Industry, Ferdinand knew that these guys had committed the idealistic disease again, and they simply ignored them!

This is also impossible. In order to develop industry more efficiently and reasonably, many officials of the Ministry of Industry are engineers.

While people are engaged in industrial construction, they are also responsible for overall planning. Of course, political minds can't ask for it!

Ferdinand has seen this idealized solution many times, but he just put up with it just because they really did a good job in industrial construction.

Idealization is idealization, it is better than changing a group of bureaucrats, for the sake of face engineering, tossing around blindly! Ferdinand said that as long as he can complete the tasks he has set, the details will not be pursued. Who is Bulgaria's talent shortage?

Ferdinand comforted: "Don't worry too much, the methods are all conceivable. Considering the actual situation, we will first carry out this plan and reduce the production capacity, so that the funding gap will not be so big!

In addition, like the construction of supporting facilities in the later stage, we can still think about ways. Considering that our industry is about to skyrocket, then putting a batch of currency into the market can also be digested in the market, and the funding gap is almost blocked! "

Well, Ferdinand finally came up with the idea to print money. Anyway, he just got a sum, and now the gold is still in the vault.

In the era of the gold standard, it was possible to print money with gold. With the rapid economic development in Bulgaria, the demand for money has also increased significantly.

Just like the British Empire in history, there were still a lot of fiscal deficits during this period. However, after the end of the English-British War, with the gold obtained from South Africa, they quickly emerged from the deficit. !!

Moreover, Ferdinand also knew that the use of currency to solve the financial crisis is also the most commonly used method in subsequent countries. Even some countries' income on currency issuance exceeds half of fiscal revenue.

There is no objection from everyone, this is not their specialty, as long as the Ministry of Finance thinks it can, then it will do!

Of course, Kennedy will not oppose it. If you know that the previous issue of currency, the Treasury has made a lot of profits, but because of the economic crisis, this part of the proceeds has been invested in infrastructure construction!

As for how much additional currency to issue and how much gold is needed to reserve, Ferdinand just asked. Bulgaria's original reserves plus his private treasury totaled more than 600 tons of gold!

This number is already the majority of the Russians, and the total number of Levs currently on the market is estimated to be less than one tenth of the total ruble!

In the end ~ www.readwn.com ~ Ferdinand still cut off a lot of production capacity in the large industrial plan, but the projects have been retained. After all, the establishment of a complete industrial system is of great significance.

For example, the iron and steel plan reduced the annual output of 3 million tons of steel from the original one million tons; for example, large-scale shipyards also cut directly, retaining only two 20,000-ton shipyards and three 10,000-ton shipyards. Dock.

These are the decisions made by Ferdinand based on the actual situation.

In the next ten years, Bulgaria's railway plan will not stop, it will consume a lot of steel.

Ten years later, the domestic market in Bulgaria has also grown, and steel production capacity can naturally be easily digested.

The same is true for ships. These capacities can still be digested in the market. It will only need to be increased in the future. The main purpose now is to accumulate shipbuilding technology and prepare for building warships.

As for the giant dock of 30,000 to 50,000 tons, Ferdinand said flashy. The great powers wanted the Pan Tech Tree, and naturally they could do it. Bulgaria didn't even have to, and now they are learning to follow them honestly!