Chapter 616： Detonate

The splendid, gorgeous and glorious sun; the gentle breeze of the heart-warming breeze; the ancient melodious and endlessly long bells; the lonely and vast night sky; the dazzling and dazzling stars ... embellished the gorgeousness of early summer.

The Vienna Palace is holding a concert, one of the few entertainments of this era and the highest music festival in Austria.

Originally, Franz was going to hold an awards ceremony, but only considered his own level of appreciation, and finally gave up decisively.

Music awards are very troublesome, everyone's hobbies are different, and it is easy to make jokes if the operation is not good.

After the Great Revolution, it was the peak of Austrian music creation, and many classic music came out.

Franz was unfamiliar with the European and American music scene. He didn't know which ones were from time and space and which were caused by the butterfly effect.

Anyway, just listen. Being qualified to enter the Vienna Palace for performance is a recognition in itself. In this regard, it is necessary to mention the late Marshal Radsky, the signature of each concert is "Ladsky March".

This is the work of Austrian composer John Strauss in 1848. The background of the story was the victory of the Austrian army in the Osa War, which was born to celebrate the victory.

The march itself has a component to show off the military force of the Habsburg dynasty, plus the old marshal's name, there is naturally a bonus in politics.

Thanks to the promotion of the Vienna government, now the "Radeski March" has spread throughout most of the world and has become a representative of Austrian music.

Franz also likes this march, and every concert in the Palace of Vienna is regarded as a finale, which shows its status in the Austrian music industry.

The economic crisis is imminent, and Franz has no intention of enjoying the concert. Even the top officials of the Vienna government can only regret to miss this music festival.

Not to be missed, they can still enjoy the music next to the concert, but everyone is still discussing.

Franz asked in a deep voice: "Is the situation out of control?"

The Prime Minister Felix replied: "The situation in China is generally stable. The strike is calming down, and most companies have reached a consensus with workers and have begun to resume production.

The world is skyrocketing. Many countries have sent troops to suppress strikes. The situation is very tense. At this time, there was another stock market disaster, and the economic crisis may be inevitable. "

It is not unusual to send troops to suppress strikes, as they often occurred in the 19th century. The original name of Bismarck's "Iron Blood Prime Minister", of which the word "blood" was derived from the suppression of the strike.

There are many things involved in this, which cannot be summed up simply by right and wrong. Unlike Austria's strong local control, the police rushed to the scene to maintain order.

Many countries have done nothing after the strike. Let the capitalists handle it on their own. The escalation of the conflict in the quarrel is almost inevitable. After the development, there will be smashing machinery and equipment and destroying infrastructure ...

Part of it was **** suppressed by capitalists, and part was the victory of workers in the conflict. Winning is not the end, and human nature cannot stand the test.

If some of the workers are able to restrain everyone, they can fight for their rights rationally; if they lose their restraint, as long as there is one or two impulses, the situation will soon get out of control.

In order to stabilize the situation as soon as possible, the government will inevitably choose to suppress it. At this stage, right or wrong is irrelevant. The bureaucrats just need to calm down the chaos and stabilize the situation as soon as possible.

Accountability after the fact, most of the unlucky are ordinary workers who have no right to speak. Even if some people in the government sympathize with them, they will fall under the silver bomb attack of the capitalists.

According to Franz, the main culprit that led to the tragedy was actually government inaction or deliberate favoritism of capitalists.

Under his butterfly effect, European countries now basically have the Labor Protection Law. If the government intervenes in advance and mediates labor conflicts within the legal framework, it is not difficult to avoid riots.

Only in this way, it is difficult for capitalists to obtain greater benefits. The vast majority of companies fail to meet the standards set out in the Labor Protection Law, or else there will be no major strikes across Europe.

The wave of strikes in Austria was contained. In addition to the concerns of capitalists that the strike would affect production, they were also concerned about the government's intervention after the strike and found out that they had violated the Labor Protection Law.

Many capitalists took timely measures when the strike signs appeared, increasing some benefits and appeasing the workers.

As for the strike companies, one part is that their heads are not bright enough, and they are not aware of the danger; the other part is hesitating in front of interests, and the response is slow.

In fact, artificial treatment usually follows market conditions. If the benefits of other factories have increased, you will continue to move forward. It is estimated that it won't be long before the capable workers are all gone.

With the development of the economy, rising labor costs are an inevitable result. This is also the driving force for the progress of productivity. Without these pressures, capitalists would not take the initiative to carry out technological innovation.

The impact of the strike is not only on corporate production, but also on the shrinking consumer market. There was no wage during the strike, everyone had to cut back on food and clothing, and purchasing power naturally fell.

Coupled with the stock market disaster, the company's capital chain is broken, and the situation may be directly bankrupt. The social unemployment rate will rise in a certain period.

The conditions for the outbreak of the economic crisis are already in place. Austria itself was in crisis and the international market was not good. God could not prevent the crisis from erupting.

Looking out the window, Franz was ruthless: "Squeeze out this tumor early!"

The tumor thing, the sooner the treatment, the faster the recovery. If dragged to the end, the tumor grows out of control, it will be fatal.

Economic crises are also pros and cons. Each economic crisis will bring serious losses, and every economic crisis will also bring a lot of opportunities.

Essentially, the economic crisis is a self-regulating repair of the market. Pull the deviating economy back to the track of correct development.

Anyway, the strategy of immigration has just begun, and no matter how many unemployed people increase in the economic crisis, there are places to go.

...

Following the order of Franz, the Vienna government adopted conservative economic measures and abandoned the original rescue plan.

On June 18, 1876, in order to stabilize the financial market, the Austrian Central Bank announced a contraction of monetary terms and raised the benchmark deposit interest rate by 16%.

When the market was short of money, the money was shrunk. Where is this "saving the market"?

There are many domestic banks in Austria. The central bank and the later Federal Reserve have similar effects, and can regulate and affect financial markets. The central bank's increase in benchmark interest rates is only a recommendation, but it does not force all banks to increase interest rates on bank deposits.

In fact, in order to absorb deposits, most banks' interest on deposits exceeds the benchmark interest rate.

Prior to this, the benchmark one-year deposit interest rate in Austria was 1%, and even a 16% increase was only 1.16%.

This figure is still lower than the deposit rates of major banks in the market, but the impact is huge.

Through the measures of the central bank, everyone knows that the Vienna government will not contribute funds to rescue the market, which makes many investors despair.

Smart people have realized that the economic crisis is inevitable, and they have raised funds for the winter, and the stock market has become more depressed.

On June 24, 1876, the Vinda Textile Mill in Munich was approved for bankruptcy and reorganization due to a broken capital chain, which kicked off the economic crisis.

Then in just one month, more than 200 companies, including 30 listed companies, applied to the government for bankruptcy and reorganization. More than 400 companies directly declared bankruptcy, and the economic crisis broke out in Austria.

The large-scale bankruptcy of enterprises will naturally end the wave of strikes and be replaced by a wave of unemployment.

Social public opinion has also become confused, and capitalists have begun to frantic panic, putting all the responsibility for the economic crisis on workers' strikes.

This has no effect. At the tuyere of the second industrial revolution, it could not keep up with the times and chose to go against the wind, which would naturally be eliminated by the market.

The "strike incident" is just a trigger, and at this point in time when the old and the new alternate, it is itself a crisis and opportunity.

Affected by the Austrian economic crisis, the Russian Empire and the German Federal Empire soon followed, and the economic crisis broke out in succession.

This was only the beginning, and the remaining European countries were soon implicated. By August, the economic crisis had landed in London, and all industrial nations across Europe had fallen.

Seeing everyone unlucky together, Franz was relieved. This is in line with the market law of the capitalist economy. It is almost ten years since the last economic crisis. How can the market not go wrong?

Facts have proved that the problem has accumulated a long time ago, and only one fuse index exploded.

Another round of big fish eating little fish games started, watching the power of the consortium continue to grow, Franz didn't know whether it was right or wrong.

However, cruel reality tells him that this is an irresistible law in the development of capitalist economy, and it is not under the control of individuals.

In addition to becoming one of them, to control these new forces as much as possible, Franz can't go against the current and prevent the creation of a consortium.

To put it plainly, the domestic consortium was suppressed, but the international consortium could not be restricted. Some monarchs and nobles may be aware of it, and in the capital market, Franz also saw them.

Obviously, there is no shortage of smart people in this world. If there were no two world wars, I am afraid that the monarchy and the aristocracy would not decline so badly.

Of course, what the eye sees may not be true. Franz in the previous life was just an ordinary person, and the circle he could reach was at the lowest level of society, and he could not reach the superstructure at all.

What can be seen on the Internet can only be used as a reference. If all of it is regarded as truth, he would have been dead for a long time.

The emergence of a consortium is a market law, but who is in charge of the consortium needs to be verified. At least in this era, the power of the nobles was far stronger than that of the capitalists.

According to Franz, many big capitalists in Europe have the shadow of big nobles. Otherwise, they would have been swallowed up in this dark age.

Well, Franz did the same. In addition to the royal industry on the bright side, most industries also use secret control and remote control from behind.

There is no way, all these industries are placed under the royal name, it is too hateful, and the emperor will counsel.

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