Chapter Eleven: All the Harvests (2)
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After listening to Zhou Tian’s explanation, Zhao Zhenzhong sighed: “It turns out that national interests are supreme. Britain and the United States seem to be very close on the surface, but they didn’t expect that the audience would fight like this.”
"Haha, this is nothing. I saw a news a few days ago that at noon on October 24, on the day of the stock market crash, Churchill, who planted the seeds of crisis, actually visited the New York Stock Exchange. Isn't this ironic?" Zhou Tian smiled, "What's more interesting is that this old man has also become his old business as a reporter. Based on his on-site interview, he wrote a report published in the Daily Telegraph, saying, "By 12:00 that day, the stock market losses had reached 6 billion US dollars, and two bankers and a broker had committed suicide due to bankruptcy, etc."
"I can't say that old John Bull would be secretly happy when he saw the mess of the US stock market." Zhao Zhenzhong also smiled, "Churchill, who is not good at the economy, would never have expected that the crisis in the United States would sweep the entire British Empire in a few months."
"Some people are happy and some are worried. Many investors or speculators have suffered heavy losses this time. In contrast, some people must have made profits from it." Zhou Tian sighed, "Since the stock market plummeted on October 24, plus 25 and 26 days, the stock market lost 10 billion US dollars in three days, and on October 29, the stock market lost 14 billion US dollars. From October 24 to November 2, the cumulative loss of the stock market was more than 40 billion US dollars in 9 trading days. If the stock holders lose, the person who sells stocks in advance will naturally make a profit. So much money will not be lost out of thin air."
Although there has been no definite evidence that someone secretly manipulated the US stock market crash in 2029, in later generations, some of the exact cases circulating have made people speculate.
Bernard Baru, who started out with speculation, was appointed as the "Campus of the Wartime Industry Committee" by US President Wilson during World War I. He was known as the "tsar of American industry during wartime", sold all his stocks and held national debts before the stock market collapsed.
Henry Morgenthau, who later became the Secretary of Finance of Roosevelt, ordered his company to sell all stocks worth $60 million in three days a few days before October 29, 1929. This order puzzled his subordinates and suggested that he gradually clear the position in a few weeks so that he would earn at least $5 million more. Henry Morgenthau was furious and yelled at his subordinates: "I am not here to discuss with you! Do what I said!"
If you look up such examples carefully, you will find some. The decisive actions of some big shots before the stock market collapse, just using foresight does not seem to be enough to fully explain the problem. However, the truth is always hidden in the depths of history, and whether there is a force behind the stock market collapse in 1929 is secretly manipulated? Perhaps this will be another secret hidden in the depths of history.
"If you can secretly manipulate the market, only those big forces can do it, and even multiple big forces need to join forces. This is not what we can care about. You should tell me what we have gained on the things on our original list so far." Zhao Zhenzhong said with a smile.
"Okay, I'll give a brief introduction." Zhou Tian nodded and said, "The futures contracts such as grain, cotton, fine copper, aluminum ingots sold in the futures market in mid-August have now closed positions, and the benefits from them are good. After the stock market collapsed, among the contracts bought on dips in the futures market, the quantity of two materials, fine copper and aluminum ingots, has reached the purchase quantity of 50,000 tons each, which we have scheduled for grain and cotton, and there is still some gap between our predetermined targets. Now, according to the contract quantity, there are about 800,000 tons of wheat and 1.2 million dan of cotton. Of course, these materials must be delivered in early December."
"In addition, we really found one of the small steel mills with high technical content you mentioned. This factory was built near Pittsburgh, with an annual design output of 150,000 tons of high-quality steel. Originally, this steel mill was scheduled to be officially put into production next spring, but now due to the significant losses of the factory investors in the stock market and the bank's debt rush, the investors had to sell it at a lower price. Our people are negotiating with the other party with Mr. Situ's lawyer, and I believe that there should be a result before you return to China."
"According to the basic living needs of 1 ton of wheat, 6 people in a year, 800,000 tons of wheat can save 4.8 million people. This number is enough for the people in the Yimeng base area and the surrounding areas. However, if it is compared with the number of victims caused by the Central Plains War next year, it is much worse." Zhao Zhenzhong began to calculate, "1.2 million dan of cotton sounds like a lot, but the Americans use American products, and each dan is only 45 kilograms, which is only 54,000 tons."
"Don't worry, we will increase the purchase of materials in the future, which will definitely meet the needs. Don't forget that after the great crisis in the United States in history, 13 million dans of cotton were left unattended, and a large amount of food was destroyed." Zhou Tian reminded.
"By the way, are there any clues about the shipyard?"
"If you want to talk about shipyards, there are some in New York State. However, since the US shipbuilding industry has not been prosperous in recent years, there are no military orders for shipyards and not many merchant ship orders, the shipyards in New York are basically in a semi-stop state, and this major crisis will definitely not be able to escape. We are just trying to select a few of them that are in good condition in the overall situation." Zhou Tian explained, "However, the matter of purchasing shipyards may not be determined before you return to China. First, we have not made any progress in the matter between Australia and the Philippines, and it is a bit early to buy shipyards; second, the United States restricts Chinese people on Chinese people. Chinese who are not American cannot do business and make land in the United States, so they cannot buy shipyards for operation. Even Chinese who have obtained American nationality will have to undergo cumbersome review procedures when starting their industries."
"That's it." Zhao Zhenzhong pondered, "What is the general situation of the technical equipment of these shipyards?"
"I don't know the specific situation very well, but I heard that during World War I, shipbuilding companies in New York widely used the prefabricated parts to build standardized merchant ships, making most of the shipyards themselves become assembly plants. It already has the meaning of later generations as the so-called modular shipbuilding method." Zhou Tian said.
"If this weren't the case, the Americans would not be able to make up for the ship loss caused by the Germans' unlimited submarine warfare." Zhao Zhenzhong nodded and said, "You can continue to follow up in this regard. As long as we can ensure that our own container transport ship will be built within the next two or three years."
"If you can open a shipyard in the United States, there should be no problem. But if you move to another place to rebuild a factory for production, it will probably be a bit difficult. After all, there is no clue about the matter in Australia and the Philippines now." Zhou Tian was a little worried.
"Don't worry, we will do our best, and I believe there will be a good result." Zhao Zhenzhong comforted.
In history, World War I was an important period of development for the US shipbuilding industry. At that time, in order to cope with the needs of war, the number of American steel ship construction factories increased from 42 to 72. After World War I, military powers such as the United States, Britain, and Japan launched an arms race, creating another opportunity for development for the US ship industry. In 1919, the annual output of US ships was nearly 200,000 tons; the annual output of merchant ships reached 2.19 million gross tons. This was the year with the highest output of US ships from World War I to 1942. Later, due to the two disarmament conferences from 1922 to 1930, especially the outbreak of capital swept out in 1929.
The world's economic crisis forced the US Navy to cut ship orders. In 1928, the United States built only a 2,700-ton warship. In addition, there were not many orders for merchant ships. Until 1934, the production of the US ship industry remained at a low level. However, during this period, US ship technology still made certain progress. Steam turbines not only replaced the steam engine, but also made great improvements. By 1930, the fuel consumption per axis decreased to 454-272 grams, a 50% decrease from 1918. In addition, navigation, cooling, lifesaving and cargo loading and unloading equipment also had considerable improvements.
After figuring out the situation, Zhao Zhenzhong also knew that it was useless to be anxious about the shipyard, so he had to wait patiently.
However, this weekend, Zhou Hao rushed to New York from Boston, bringing another good news to Zhao Zhenzhong: the preparation of liquid oxygen is obvious.
Before this, although Zhao Zhenzhong and Zhou Tian knew that liquid oxygen could be produced in this era, due to the immature manufacturing process and the high production cost, it could not be used in large quantities. The news brought by Zhou Hao did indeed make the two feel excited.
"Old Zhao, you were a military official back then. You should know about rockets, right? I got the detailed process of liquid oxygen preparation from a powerful person who studies rockets." Zhou Hao smiled.
"The powerful people who study rockets? This era?" Zhao Zhenzhong was stunned at first, then vaguely remembered some materials he had come into contact with back then, and then thought about it: "After all, I was not a rocket researcher, that is, I came into contact with some common sense when I was studying new energy applications. It seems that there was a talented person in the United States who studied rockets in this era, but I can't remember the specific name."
Zhou Hao sighed: "I also learned from some professors in the school a few days ago that someone actually launched rockets at high altitude this year, and rockets with barometers, thermometers and cameras that shot the flight process. Later, I learned that this powerful man actually launched liquid rockets propelled by liquid oxygen and gasoline in 26 years!"
"It is precisely because of this that I found him and obtained his improved liquid oxygen production process from him. Although it is not comparable to the technology of later generations and the production cost is a bit high, at least it can be achieved in terms of technology. Moreover, in addition to buying his improved liquid oxygen production process, I also bought the data obtained from rocket experiments in recent years. This is to lay a foundation for us in the future." Zhou Hao said proudly.
Chapter completed!