Rebirth of the Republic of China: The Story of the Chaebol

"How's the situation outside?"

"It's very bad. The whole of New York is in chaos now."

Before we knew it, it was December of the 29th year.

While Sun Tong was leading his men to take charge of the Longhua territory, the country of Chou, far away on the other side of the world, had ended its turbulent times. What followed was a sharp drop in stock prices, a large number of workers losing their jobs, and a large number of factories closing down.

This economic crisis did not come suddenly. In fact, as early as three months ago, many sober people stood up and told the public to be prepared.

It’s a pity that the global stock market was booming at that time, everyone was busy making money, and no one paid attention to those people’s warnings.

With the outbreak of the economic crisis in the United States, all the available funds originally intended for investment in Europe are now being retained in the country.

Without the generous investment from the U.S., Europe's already unfinished reconstruction work had to suddenly come to a standstill.

This economic crisis has completely exposed the imbalance in the international economy. In addition, after the outbreak of the economic crisis, banks in various countries immediately responded and began to tighten credit, which further deepened the economic problems of various countries.

Only one month has passed and huge problems have emerged in the economies of the United States and Europe, and these problems are still expanding. The series of impacts caused by the economic crisis are only the beginning.

In just one month, the number of factories that have closed down in the country has exceeded 6,000, but Sun Tong knows that this number is just the beginning.

The book in his space clearly recorded that during the Great Depression, more than 60,000 factories in the Ugly Country closed down. When the economic crisis was at its worst, nearly 17 million people in the Ugly Country were unemployed.

Although Huayou Company has already started to take action in the Ugly Country, they are still just making small moves now. After all, a truly powerful factory cannot remain shut down for a month. Most of the factories that have gone bankrupt are just small workshops.

When those big companies go bankrupt, that will be the best time for Huayou Company to enter the market in a big way.

"What about other parts of the country?"

"For the time being, the impact of the economic crisis on most parts of the country is still very limited. Coupled with your previous speech, people still have high hopes for you."

"Let those damn beggars go to hell. What do those poor bastards know? They only know to ask the government to pay for their aid. Don't they know how to save themselves?"

Hoover had not been in government for very long before he became president, so his perspective on issues was quite different from that of traditional politicians.

Perhaps in his perception, this economic crisis can be ended quickly by relying on social self-regulation even if the government does not intervene. Therefore, in various social speeches in the past month, apart from saying nice things to the people, the government has not come up with any effective measures to deal with the economic crisis.

"Sir, are we really going to do nothing?"

"Let's observe the situation first. The government only has so much money now, and we still need to provide assistance to Hans. Where can I get the money to help those people in the country?"

Sometimes the people on Hoover's team really couldn't understand what was going on in their president's mind.

In the original book, Hans is very important. After all, the Ugly Country made such a great effort in World War I but did not get any benefits. This made the Ugly government extremely dissatisfied with the Ying Country and Gaul. In this case, supporting Hans is equivalent to causing trouble for the other two countries. The Ugly people have no psychological burden at all when doing such things.

But revenge is one thing, but you can't use domestic issues as bargaining chips.

Given the current situation in the United States, if the economic crisis could be stopped here, then everything would be fine. However, if something really went wrong, then he, as the president, would inevitably be to blame.

Now look at what Hoover did. Wasn't he just playing with his own political life?

"So Mr. President, what are we going to do next?"

"Go find those financial groups. I have helped them so much. Now it is time for them to give back to me."

When Hoover was the Secretary of Commerce of the United States, he had always been very close to major domestic financial groups. It was precisely because of their close relationship that the major financial groups helped him with publicity and supported his presidency.

Since he became the president, he has been very good to the financial groups that supported him. His 'laissez-faire policy' has made it clear to the financial groups that I am the boss now, and as long as you are willing to support me, I will let you make more money.

For the major financial groups, Hoover is simply a living angel.

Let's put it this way, if he wasn't protected by major financial groups, based on the shit this guy did while in office, he would have been lucky not to be liquidated after leaving office. How could he have been able to stay in the Ugly Government for so many years?