The brilliant and gorgeous sun in the sky; the gentle and cool breeze that seducts the heart; the ancient and melodious endless bell sound; the silent and vast night sky; the dazzling and dazzling stars... together embellish the gorgeous colors 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 planning to hold an award ceremony, but he only considered his appreciation level and finally gave up decisively.

Music awards are very troublesome. Everyone has different hobbies. If they are not good at operating, it is easy to make jokes.

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

Franz is not familiar with the European and American music scenes, and he doesn't know which ones exist in the original time and space, and which ones are produced under the butterfly effect.

Anyway, it's enough to listen. Being qualified to enter the Vienna Palace is a kind of recognition. In this regard, we have to mention the late Marshal Ladsky, and the signboard of each concert is "The March of Ladsky".

This is the work of Austrian composer John Strauss, the Sr. The story is set in the background of the Austrian army's victory in the Austrian War and was born to celebrate the victory.

The march itself has the element of showing off the power of the Habsburg dynasty, and coupled with the title of the old marshal, there are naturally extra points in politics.

With the promotion of the Vienna government, "The Radsky March" has spread throughout most of the world and has become a representative of Austrian music.

Franz also likes this marches very much. Every concert at the Vienna Palace is regarded as the finale, which shows its status in the Austrian music industry.

The economic crisis is imminent, and Franz has no intention of enjoying the concert. In addition to the senior officials of the Vienna government, they can only regretfully miss this music ceremony.

It cannot be considered a mistake. They can still enjoy music next to the concert, but everyone is still discussing things.

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

Prime Minister Felix replied: "The situation in the country is generally stable. The strike is quelling, and most enterprises have reached a consensus with workers and have begun to resume production.

There was a big uproar in the international community. Many countries have dispatched troops to suppress the strike, and the situation is very tense. At this time, stock market crashes occurred again, and economic crisis is probably inevitable."

Sending troops to suppress strikes is not an isolated case, but it often happened in the 9th century. The original name of Bismarck "Iron Blood Prime Minister", in which the word "blood" is obtained from suppressing strikes.

There are many things involved here, and we cannot simply summarize them by right or wrong. Unlike Austria, the police rushed to the scene as soon as possible to maintain order.

Many countries have no action after the strike broke out. Let the capitalists handle it themselves, and it is almost inevitable that conflicts will escalate in quarrels. Later, they will smash machinery and equipment and destroy infrastructure...

Some of them were bloody suppressed by capitalists, while the other part was workers who won victory in the conflict. Winning did not mean the end, and human nature could not stand the test.

It would be fine if some of the workers could restrain everyone, but they could rationally fight for rights and interests; if they lost their constraints, as long as they had one or two impulses, the situation would soon be out of control.

In order to stabilize the situation as soon as possible, the government will inevitably choose to suppress it. At this point, right or wrong is no longer important. The bureaucrats just need to calm the chaos and stabilize the situation as soon as possible.

If the person is held accountable afterwards, most of the unlucky ones are ordinary workers who have no right to speak. Even if someone in the government sympathizes with them, he will fall under the capitalist's silver bullet offensive.

In Franz's view, the main culprit of the tragedy was actually the government's inaction or intentional 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-management conflicts within the legal framework, it is not difficult to avoid riots.

But in this way, it will be difficult for capitalists to obtain greater benefits. Most companies do not meet the standards in the Labor Protection Law, otherwise there would be no general strikes that would affect the whole of Europe.

The Austrian strike wave was curbed. In addition to capitalists' concerns that the strike affected production, they were also worried that the government would intervene after the strike and found out that they violated the Labor Protection Act.

When signs of strikes appeared, many capitalists took timely measures, increased some treatment and comforted the workers.

As for the companies that broke out on strike, some of them were not smart enough and did not realize the danger; the other was hesitating in the face of interests and responding one step slower.

In fact, manual treatment usually follows the market conditions. If the treatment of other factories increases and you continue to stay on the same position, it will probably not take long before all capable workers will run away.

With the development of the economy, rising labor costs are an inevitable result. This is also the driving force that promotes the progress of productivity. Without these pressures, capitalists and will not actively carry out technological innovation.

The strike affected not only the production of enterprises, but also the shrinking of the consumer market. There was no wages during the strike, so everyone had to save money and their purchasing power naturally declined.

In addition, the stock market crash has caused the company's capital chain to break. If the situation is serious, it may go bankrupt directly, and the social unemployment rate will rise within a certain period of time.

The conditions for an economic crisis are already in place. Austria itself was in crisis, and the international market was not good, so God could not stop the crisis from breaking out.

Looking out the window, Franz was cruel and cruel: "Then squeeze out this cancer as soon as possible!"

The earlier the cancer is treated, the faster it will recover. If it is delayed to the end, the cancer will grow uncontrollable, it will be a life-threatening person.

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

In essence, the economic crisis is the self-regulation and repair of the market. It will bring the off-limited economy back to the track of correct development.

Anyway, the big immigration strategy has just begun. No matter how many unemployed people increase during the economic crisis, there is a place to go.

...

With Franz's order, the Vienna government took conservative economic measures and abandoned its initial rescue plan.

On June 1976, in order to stabilize the financial market, the Austrian central bank announced that it would shrink its monetary policy and raise the deposit benchmark interest rate by 6%.

When the market is most short of money, it is not a "scumbent" situation, it is clearly a "scumbent".

There are many domestic banks in Austria, and the central bank and the Federal Reserve have similar effects to the later generations of the Federal Reserve. They can regulate and affect the financial market. The central bank's raising of the benchmark interest rate is just a suggestion, but it cannot force all banks to increase the interest on bank deposits.

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

Before that, Austria's one-year deposit benchmark interest rate was %. Even if it was increased by 6%, it would be only .6%.

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

Through the central bank's measures, everyone knows that the Vienna government will not invest in the rescue of the market in the future, which makes many investors feel desperate.

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

On June 24, 1976, the Munich Vida Textile Factory applied for bankruptcy and reorganization to the Munich government for approval due to a broken capital chain, thus opening the prelude to the economic crisis.

Immediately afterwards, more than 200 companies, including 30 listed companies, filed for bankruptcy and reorganization from the government, and more than 400 companies directly declared bankruptcy, and the economic crisis broke out in full swing in Austria.

When enterprises go bankrupt on a large scale, the wave of strike will naturally end, and it will be replaced by the wave of unemployment.

Social public opinion also became chaotic, and capitalists began to turn the blame wildly, pushing all the blame for the economic crisis to the workers on strike.

This has no effect. If you can't keep up with the times in the second industrial revolution and choose to go against the wind, you will naturally be eliminated by the market.

The "strike incident" is just a fuse. At this time when the old and new are alternating, it is itself a crisis and opportunity.

Affected by the Austrian economic crisis, the Russian Empire and the German Federal Empire soon followed closely, and economic crises broke out one after another.

This was only the beginning, and the remaining European countries were quickly implicated. By the month, the economic crisis landed in London, and all industrial countries in Europe fell.

Seeing everyone getting unlucky together, Franz felt relieved. This is in line with the market laws of the capitalist economy. It has been almost ten years since the last economic crisis. How could the market not have any problems?

As it turns out, the problem has accumulated a long time ago, only one fuse index is detonated.

Another round of Big Fish Eating Small Fish Game began. As the power of the consortium continued to grow, Franz didn't know whether it was right or wrong.

However, the cruel reality tells him that this is an unstoppable law in the development of capitalist economics and cannot be controlled by individuals.

In addition to becoming one of them and controlling these new forces as much as possible, Franz cannot go against the current and prevent the formation of consortiums.

To put it bluntly, it suppressed domestic consortiums but could not limit international consortiums. Some monarchs and nobles may have noticed that Franz also saw them in the capital market.

Obviously, there is never a shortage of smart people in this world. If there were no two world wars, I am afraid that the monarchy and the nobles would not have declined so well.

Of course, what you see may not be true. In the past life, Franz was just an ordinary person, and the circle he could contact happened to be at the bottom of society and could not reach the superstructure at all.

What you see on the Internet can only be used as a reference. If it were all regarded as the truth, he would have been cheated to death long ago and would not have lived so well.

The emergence of consortiums is a market rule, but who is dominating consortiums remains to be verified. At least in this era, the strength of the nobles is far stronger than that of capitalists.

As far as Franz knows, many European capitalists have the shadow of great nobles behind them. Otherwise, they would have been swallowed up in this dark era.

Well, Franz is also playing like this. In addition to the royal industry on the outside, most industries also use secret control and remote control behind the scenes.

There is no way, all these industries are placed in the name of the royal family. It is really too hatred, and the emperor will be cowardly.
Chapter completed!