Transmigrated as the Crown Prince

Chapter 45 Financial Crisis 4

[As usual, a few chapters about the East are omitted in the middle. The main content is that the protagonist went to Ming Dynasty to pay back the money he borrowed last time, as well as discuss cooperation in building an aircraft carrier and other trivial matters. 】

The economic crisis quickly spread from the United States to other industrial countries. For millions of people, life has become a struggle for food, clothing and shelter.

As Yannick expected, the incompetent Wei Xu government had no effective policies to deal with this economic crisis.

After taking office, the newly appointed Prime Minister Brüning adopted measures such as expanding exports, raising taxes, compressing public expenditures, and cutting wages and relief funds to overcome the growing economic crisis. However, these measures failed to reverse the declining economic decline. On the contrary, they led to further worsening of the situation.

First of all, Bruening's austerity policy failed to stimulate production, but instead exacerbated the sales crisis of German products and the massive unemployment of working people. In order to expand exports, Bruening significantly lowered the price of export commodities to make them more competitive in the international market. However, other capitalist countries were troubled by economic crises and were also using the same method to dump products overseas.

In addition, in order to overcome the crisis, countries have adopted the method of increasing tariffs to prevent the inflow of goods from other countries. Therefore, German products that have fallen in price are still stuck in the country and cannot enter the markets of other countries. The unsaleable products led to an overall decline in German industrial production. Factories were severely under-operated, and business owners laid off workers one after another. On the eve of Brüning's resignation in 1932, the number of unemployed people nationwide reached more than 6 million, accounting for 43.8% of the total employment.

Secondly, Brüning's tax policy led to a dramatic deterioration in people's living standards. New tax revenue during Miller's administration reached 1.254 billion marks. After Brüning came to power, it was even more severe, with numerous new taxes. The newly added beer tax and retail sales tax alone increased the tax revenue for the people by 750 million marks. The new head tax established in June 1930 and the tobacco tax implemented in December of the same year added another 800 million marks to the people's taxes. . In addition, there are crisis tax, single tax, employment tax, etc. There are too many names to mention.

Again, while taxes increased, Bruning drastically cut wages and relief funds, plunging the people into an abyss of hardship. During the crisis, wages of German workers, clerks and civil servants fell by 50%. In 1932, the average monthly salary of a clerk or civil servant was only 150 marks, which was less than the 170 marks of an industrial worker in 1929. In the same year, the unemployed and their families had an average of only 15 marks per month to survive. "Some families only live on potatoes, and there is almost a look of despair on people's faces."

Bruening's anti-crisis measures not only failed to alleviate the material difficulties of the people, but instead increased their burdens, plunging millions of Germans into a painful and desperate situation. The people in the country were in dire straits and complained, and Brüning became a veritable "hunger prime minister."

In just over two years, more than 1,000 strikes broke out in Germany. The German masses, especially the petty bourgeoisie, were completely disappointed with the Wei Xu government. In order to find a way out, they began to call for Germany to return to the imperial system.

Finally, as Yannick wished, the government was forced to resign en masse under tremendous pressure and the parliament was dissolved. Not only did Wilhelm II get what he wanted, he regained the lost power, and he even became more centralized than he had been more than a decade ago.

But he couldn't be happy at all.

Because he has no way to get Germany out of its current predicament. Several meetings were held, and even William II found the methods proposed by the so-called think tanks to be absurd.

If the current predicament cannot be solved, I am afraid he will be the next King Louis XVI. It's just that King Louis XVI was pushed to the barbaric guillotine, and he may have to take a more civilized bullet.

Or just run away?

Ridiculous thoughts flashed through William II's mind, and he soon discovered that this idea was simply poisonous. The more he thought about it, the more he thought he could give it a try. Collect the gold and silver treasures from the treasury and then go to other countries to live a happy life?

He patted his face hard. How could he have the face to meet Frederick the Great after death?

Just as William II sighed, the secretary reported that Yannick was here. "Let him in."

It wasn't until Yannick came in that William II managed to cheer up and show a smile. "Yannick, are you here? Sit down. I want to ask you something."

Of course Yannick knew what he was asking. I remember that William II's hair was only half white when he first crossed over, but now it is full of white hair. "Grandpa, you haven't seen Ms. Susan for a long time, right?"

William II leaned back in his chair and sighed. "It's been a few years, and I really miss her."

Yannick nodded. "Then you go over and get together with her."

"..." William II looked at him doubtfully, not knowing what the stall meant by mentioning this matter.

Yannick scratched his forehead and said in a rather helpless tone. "The plan was originally planned to be implemented a few years later, but it seems that it has to be brought forward. You can go to Ming Dynasty to rest for a while." As mentioned before, several of Yannick's best friends are Junker nobles. Over the years, Yannick has been secretly contacting other middle- and lower-level Junker nobles through their families to gain their support.

Although the expected goals have not been fully achieved, the plan can be executed without causing any major turmoil.

"You..." Is this grandson trying to force him to have a baby? ! However, William II did not feel the slightest anger. Instead, he felt a sense of relief in his heart and asked calmly. "Do you really have a way?"

Yannick was also surprised by William II's reaction, thinking that he would at least slap the table and scold him for his treason. "Don't worry, Grandpa."

After being silent for a long time, William II slowly nodded. "Okay, I will announce my abdication tomorrow."

Yannick shook his head and said extremely firmly. "No grandpa, I will let you wash away the shame of the past as emperor. Poland, France, and the United Kingdom will all submit surrender agreements to you."

"..."

Perhaps feeling relieved, William II couldn't wait to arrange a cruise ship to Daming that afternoon.

Watching the cruise ship gradually move away, Yannick turned to ask the royal butler. "How many rooms are there in the palace?"

The royal butler replied respectfully. "A total of 1,210 rooms, Your Highness."

"Is every room cleaned every day?"

"Yes, Your Highness."

"How many servants are there?"

"Not counting temporary workers, the total number is 442, Your Highness."

Damn, how much salary do you have to pay every month? You need to have so many rooms for P, and it’s not like opening a hotel. "Leave grandpa, parents, and my own bedroom. In addition to my office, three or four living rooms, and the conference room are all sealed up. Just check if there is any damage every one or two months. Leave it. Resign them all after hiring the minimum number of servants. Do not leave more than 30 people, do you understand?"

There was a hint of astonishment in the eyes of the royal butler, but he still responded. "As you wish, Your Highness."

Yannick thought for a moment and added. "Well, under the current circumstances, if they are laid off, they will be unemployed, and it will be difficult to find a job. Let Speer arrange a job for them."

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like