Prime Minister Felix: "As of now, the number of domestic enterprises that have gone bankrupt has reached 1,876, and the number of unemployed people has exceeded 2.47 million, a record high.
Among them, the cotton textile industry suffered the heaviest losses. A quarter of the textile mills went bankrupt, and more than half of the cotton textile mills announced production cuts. Their production capacity dropped by 37%.
Following closely behind was the shipbuilding industry. Affected by the decline in international trade, shipyards had almost no new orders in recent months. Most of the original orders were also affected by the economic crisis and were declared to be in breach of contract.
Steel … "
Bad news kept ringing in Franz's ears. This was the inevitable result of the economic crisis.
During the Great Depression, the market shrank. In order to survive the crisis, companies reduced production capacity and layoffs, causing the market to shrink further, forming a vicious cycle.
It was very simple to solve the crisis. They could either find a new market to divert the crisis or wait for the market to recover naturally.
The current situation was very obvious. The whole of Europe had been implicated by Austria, and there was no place to divert the crisis. They could only rely on the market to recover itself.
After the survival of the fittest, the outdated production capacity was eliminated. Most of the companies that survived were in management or technology. After every recession, there would be an explosion of technology.
Unlike in the past, after the outbreak of the economic crisis, the Government of Vienna did not increase investment in public facilities or increase employment. Instead, it allowed the market to adjust freely.
Franz asked, "How's the immigration work going?"
The crisis wasn't scary. What was scary was the unemployment caused by the crisis. Nowadays, the working class's ability to resist risks was seriously insufficient. It was fine to be unemployed for two or three months, but if there was no income for a year and a half, it would be a big problem.
The way to get through the crisis was very simple. Just emigrate. The colony was in a state of development and lacked a lot of labor.
Under normal circumstances, except for those who were restless and wanted to make a fortune, few people were willing to leave their homes to work in the colony.
To put it bluntly, the golden time to make a fortune in the colony was over. As the development continued, the conditions of the colony became better and better, but the opportunities to make a fortune became fewer and fewer.
As long as the early immigrants were willing to risk their lives and didn't die, they could basically make a fortune. Until now, it could only be said that there were more opportunities than in China.
If one wanted to stand out, in addition to daring to fight, one must also have a flexible mind and a little bit of luck.
With the temptation reduced, everyone's enthusiasm to immigrate also decreased. Even if Austria had begun the strategy of localization, it was still a short period of time, and the infrastructure was far from comparable to that of China.
This was especially true in the fields of transportation, medical care, and education. The transportation problem was due to the short development time, and the medical and education problems were due to the lack of talents.
It was not that Austria lacked doctors and teachers. It was mainly because these people could live well in their own country and did not have the motivation to go to the colonies.
In order to solve these problems, the Government of Vienna had set up schools in Africa to train doctors and teachers.
This wasn't something that could be seen in a short period of time. It would take time to accumulate. This was especially true when it came to nurturing doctors. According to Austria's current education system, there were no medical majors that took less than seven years. Nurturing a qualified doctor would take at least ten years.
This was not because Franz had high expectations, but because it was a practical necessity. In an era where medical equipment was lacking, seeing a patient depended on the doctor's personal ability. It was impossible to achieve instant success.
The Colonial Secretary, Stephen, replied, "As of now, the number of applicants has exceeded the 1.2 million mark, and 680,000 have been settled.
The number of applicants continues to increase. According to the current economic situation in the country, the final number of immigrants may exceed three million. "
This was a characteristic of an economic crisis. In the early stages, people still had savings to support them, but later on, their lives would become more difficult.
In order to survive, it was not strange for them to sign up for immigration. If it was really a voluntary choice, it was estimated that there were not many people in Austria who wanted to go to the colonies.
In order to encourage people to emigrate, the Government of Vienna had put in a lot of effort. Many colonial companies recruited immigrants in two ways. One was direct immigration, and the other was to go to Africa to work.
Most people would choose the second option. Even if the Government of Vienna, which directly immigrated, would subsidize the settlement fees, it could not shake people's determination.
Many people still fantasized about working hard in Africa for a few years and returning home to buy a house after saving enough money. The reality was that after living in Africa for a few years, most people would stay.
There was no other way. Income was the key. Africa lacked labor, so ordinary workers were naturally treated better than the locals.
After getting used to a high salary, if they went back to take a low salary, their standard of living would drop instead of rising. Not many people could stand it.
In order to attract more people, the colonial government encouraged everyone to bring their family members. Africa was no longer a barren land. Many people would move to the colonies with their families for the convenience of living.
Franz nodded. "Continue to work hard on the immigration work. Now is the best opportunity. Once the economic crisis is over, it will not be easy to get so many immigrants in the future.
How is the situation abroad? How far has the Paris Conference gone? Is it possible for the countries to reach a consensus in the short term? "
"Yes, Your Majesty! The Department of Colonization has already formulated a plan to absorb as many immigrants as possible during the economic crisis, "Stephen replied.
Foreign Minister Wesenberg said, "Your Majesty, the European countries are in deep economic trouble. Right now, everyone's life is not good.
However, the overall situation is still stable. The French have suppressed the Italian uprising. Napoleon Iv has directly controlled Paris. The opposition wants to cause trouble, but they are unable to do so.
It is worth mentioning that the relationship between Prussia and Germany has deteriorated rapidly. Because of the Rhineland Uprising, it directly pierced through the last layer of window paper that maintained the relationship between the two countries.
According to the agreement, when the Rhineland Uprising broke out, it was actually close to the handover date in the treaty. The German Confederation government wanted to bring forward the handover but was rejected by the Government of Berlin.
In order to get more immigrants, the people of Prussia sent troops to suppress the uprising and forced a large number of people to leave.
From the information we received, the Government of Berlin has basically emptied the Rhineland area of the best. Engineers, scientists, doctors, teachers, and other talents were almost all taken away.
With the intervention of the European countries, the Government of Berlin has just started the handover with the German Federal Empire. However, the progress is very slow.
Based on preliminary estimates, the Government of Berlin may delay until after the New Year. Right now, they are still using the last bit of time to poach people. Perhaps when the German Federal Empire takes over, there will not be any local skilled workers.
Due to the economic crisis, the Paris Conference did not go smoothly. The minds of the various governments were not on the conference. There were even people who fantasized about passing the crisis on through the colonies.
In the fight for the colonies, no one is giving way. In addition, the British are deliberately stirring things up. It seems like they want to fish in troubled waters. This makes the future of the Paris Conference even more pessimistic. "
Franz nodded. The Kingdom of Prussia took away millions of immigrants from the Rhineland area. It would be strange if the German Federal Empire was happy.
This was all poaching people from the German Federal Empire. The most precious thing in the Rhineland area was not the mineral resources, but the high-quality talents. Both sides did not directly start a war, which was already very restrained.
As for the hidden dangers that the British deliberately left between the various countries, this was all a familiar recipe and a familiar smell. If they did not do it, Franz would feel that there was a problem.
The Paris Peace Conference was held to resolve the conflicts between countries and reduce international conflicts. However, from the British's point of view, the real purpose was to reduce the conflicts between themselves and other countries.
What did it have to do with them whether there would be conflicts between other colonial empires? Deliberately provoking the relations between the various countries was completely John Bull's habit.
If the conflicts between the various countries in Europe disappeared, and everyone lived in peace and good neighborliness, would the Government of London still be able to sleep?
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