.

The opportunity refers to the continuous contraction of one or more national economies or the entire world economy over a period of time (negative economic growth rate). It is the decisive stage of the crisis of overproduction that erupts in the cyclical process of capitalist economic development.

Since 1825, the common practice broke out in Britain for the first time, and it has escaped from the impact of the economic crisis.|The characteristics of capitalism, and its outbreak also has certain laws.

As a member of the world economy, China had never had an economic crisis before 1910. This is mainly because China's natural economy transformed into a capitalist economy after 1898, which released a large number of consumption factors, artificially enhanced economic vitality, and a large number of war dividends also extended a healthy economic cycle to a certain extent.

Speaking of the crisis of overproductive capacity, some scholars divide economic crises into two types: passive crises and active crises.

The so-called passive economic crisis refers to the situation in which the country's macroeconomic management authorities experience a serious economic recession or a significant currency depreciation without preparation, which triggers a financial crisis and then evolves into an economic crisis. If the nature of the crisis is such a passive type, it is difficult to think that this currency will rebound after the crisis. The crisis process is actually a process of re-seeking and confirming the value of the country's currency.

An active crisis refers to the result of policy actions taken by the macroeconomic management authorities to achieve a certain purpose. The occurrence of a crisis is completely expected by the management authorities, and a crisis or economic recession can be regarded as the opportunity cost of reform.

The Chinese economic crisis in 1911 was actually the result of active and passive combination of each other and two forces secretly competing each other. Although the Chinese economy suffered a certain degree of loss, this loss was quickly compensated in the subsequent Sino-US war.

The economic crisis in 1911 was affected by the depreciation of silver: + to key industries such as real estate and finance. It caused considerable chaos: unsalable goods, reduced profits, and a sharp decline in production (mainly industrial production). Unemployment increased a lot, insufficient start-up of enterprises and large-scale bankruptcies, serious damage and losses to productivity and products, and paralyzed, disordered and regressed.

Although the United States, as a defeated country at the first stop, its economic strength has been greatly damaged, Wall Street's status as a world financial center has not been greatly affected. Moreover, after the war, Wall Street tycoons immediately regained their vitality and began to dig in their minds to regain their losses.

As the only major country in the world that uses silver as a general currency, China's natural flaw became their focus. In fact, the British implemented the gold standard at the beginning, with the purpose of robbing everything in China. Think about it. As long as you dig out gold from your own mine, you can exchange silver of equal value. Then you abolish silver and depreciate the silver, so that the gold in your hands will have double value. This is why Britain is so rich.

Just imagine, if two people have one dollar and one dollar worth of things, then when one of them (A) bought the food of the other person (B), A should have two dollars of food and B owned two dollars, which made A take out another thing at this time and determined that it was legal tender. As a result, A now has countless money + all the food, but B only has more money than the amount used and a large amount of food purchased by others. This is how economists are, creating huge profits between high and low.

But at this moment, the United States implemented the silver policy, which gave China a heavy blow. The implementation of the silver policy in 1910 was based on its importance. For a time, silver was not only a popular speculative product in the London and New York markets, but also a "funding" for domestic political transactions in the United States

It is a "weapon" that is erected in Asian international relations. Judging from the effectiveness of foreign policy, the US silver policy is extremely insidious. The silver policy prompted a large amount of Chinese silver outflow, putting China's economy on the brink of collapse, thereby weakening China's development power in a very important aspect, which is what Britain is looking for.

No wonder US Treasury Secretary Morgan finally admitted that the US silver policy was actually to retaliate against China. He even believed that the US North had used causality. He said: "If I was bought by Britain for money, then I have been earning my wages." US silver policy made people see the complexity of the monetary system, which is difficult to foresee and destroy.

As expected.

In fact, the United States did not realize the power of silver as a means of attack. If it were known, it would have implemented such sinister plans long ago. In the past ten years, the United States had been trying hard to find such a way to subdue China. As a loose consortium, the power of the US government was limited. Once it was affected by domestic and foreign factors, it was often very fragile and inaction, and it did not have power or play a vital role as people often say.

The silver problem in the United States at that time was mainly a domestic political issue. Although capital controlled 66% of the world's silver production and 77% of the smelting of silver, the total population of the seven silver-producing states in the United States accounted for only three percent of the total population of the United States at that time. Less than 3,000 workers employed by the silver industry, and the annual output value of silver is only 00. This is the value of silver as a goods. If these silver are used as currency, it accounts for 12% of China's total currency, which almost 50% of the value, which represents a risk and a great risk.

Although the silver mine production amount is less than the output value of peanuts and horse cotton [4. However, there are fourteen people in the Senate, accounting for 15% of them, and they have powerful Democratic senators such as Pidmen and Toms who are very experienced in political struggles. Whether these senators are re-elected as senators depends on how hard he works for senators, forming a united front of the silver group in Baishi.

Silver tycoons forced government officials (such as lead and copper) to share the profits, so their interests and the inflationists that were quite popular for a time were naturally connected with each other. Therefore, the interest groups formed with the Silver Group as the core were quite powerful and formed a political force that could not be ignored.

It is worth noting that in the struggle for the interests of silver, the gentlemen of the Silver Group chose the issue of "Chinese market" as an important argument for them to incite public opinion and raise the price of silver. Their family, the most populous country in the world, raises the price of silver and increases China's external purchasing power, and will free themselves from the start of American goods.

10|c is 5. Seventy percent less, thus almost destroying China's purchasing power." The MP did not notice that it was precisely because of the falling silver prices that led to the continuous increase in China's exports and formed a huge trade surplus.

Then, Senator Kim told the audience on the radio that this means the loss of “the value of the great China in the US dollar is still rising. Senator Bidmen asserted that if the silver price increases, Sino-US trade can increase tenfold.

He believes that China's economy can revitalize by raising silver prices and can immediately dispel the surplus American cars and small people through their hustle and bustle, which is essentially seeking group benefits for the silver group (including silver speculators).

Zhao Gang was resistant to this kind of thought. This kind of thought was very similar to the appreciation of the RMB back then. However, history has proved that the sinister intentions behind the appreciation of the RMB, so in the face of this kind of public opinion, Zhao Gang began to think that as a silver-based power, it was extremely lacking in silver-mine resources. Is it a bit unsafe to do this?

If silver is abandoned, it is a pity that China does not produce gold, and the gold standard is also subject to others. So what about platinum? Zhao Gang hurriedly ordered it to find platinum mines so that at some convenient times, the monetary system will be transformed into a platinum standard. It is this kind of preparation that ultimately saved the Chinese economy and gave the Americans a heavy blow, successfully passing the economic crisis to the United States and Britain.
Chapter completed!