Austria wasn't the only country that realized the crisis. The Government of Vienna was the first to act. After Austria opened the valve of dumping, the British capitalists quickly followed suit.
In this year's overseas trade, Britain and Austria together occupied three-quarters of the market share. The so-called international competition was mainly carried out between the two countries.
The market was only so big. If you occupied more, I occupied less. No one could give way.
Britain and Austria didn't directly turn against each other because their development directions were different.
Britain exported most of its textiles, while Austria exported most of its agricultural products. These were the two commodities with the largest share in international trade at present.
They occupied 68.3% and 21.6% of the total international trade, respectively. It was worth mentioning that the proportion of textiles was increasing year by year, while the proportion of agricultural products was decreasing year by year.
The huge difference in the proportion, in addition to the scissors difference between industry and agriculture, was related to the trade model.
Britain's textile industry imported raw materials and exported them after processing. Austria produced most of its agricultural products and imported relatively little raw materials.
In terms of industrial scale, the agricultural industry definitely surpassed the textile industry. This was determined by the demographic structure. More than 80% of the world's people were farmers.
However, in terms of profitability, agriculture was definitely not as good as the textile industry, even after the processing.
In the textile industry, Britain's biggest competitor was France. Their previous cotton plantation plan in Egypt ended up being a wedding dress for the French.
After solving the raw material problem, the French cotton textile industry developed rapidly and became a pillar industry in the country. In the Government of Paris's African development plan, the expansion of cotton plantation area was the first on the list.
If the French plan succeeded, Britain's dominant position in the cotton textile industry would be seriously impacted. This was also one of the main reasons why the relationship between Britain and France turned cold.
In the agricultural industry, Austria's biggest competitor was the Russian Empire. Because of the war, Russia's nascent national industry suffered a heavy blow.
Limited by technology and capital, they couldn't complete all the agricultural processing in the short term. They had to temporarily act as Austria's raw material source.
"Temporarily" didn't mean permanently. The Russian Empire was one of Austria's biggest potential competitors in the agricultural industry.
The competition between Britain and Austria was still concentrated in the field of industrial manufacturing. The British dominated the traditional industry, while Austria was the leader in the new industry.
In the eyes of future generations, these were the most important industries. However, in the short term, the market for these industries was still very small.
This was determined by the special nature of the industry. If the infrastructure was not in place, blindly using new equipment would cost a lot of money. It would be better to use the old steam engine.
…
Frankfurt, the traditional financial center of the German Region, had gained new luster after joining the new Shinra Empire.
Today, it has become one of the four largest financial centers in the world, surpassing Vienna and only second to Paris and London.
Of course, the term "Big Four" was not widely accepted, because London, which ranked first, was equivalent to the sum of Paris + Frankfurt + Vienna.
This was based on the premise that Austria had seized a lot of gold mines. Otherwise, London's advantage would be even more obvious.
The foundation of a world hegemon could not be erased in a short period of time. For a long time to come, London would be the world's financial center.
The British used the resources of their country to build a city, which was different from Austria's development model. There was a special reason why Frankfurt was able to surpass Vienna despite the lack of resources.
First, it was influence. Frankfurt was famous in the German Region. Many banks were located here with strong financial strength.
Secondly, it was located in the heart of the German Region, on the border of Germany and Austria. It was also very close to Prussia, which was good for gathering the capital of these countries.
Finally, and most importantly, Austria's national policy was not to build a super city. As the capital, Vienna did not jump out to fight for resources.
With so many advantages, Frankfurt, which was originally the financial center of Central Europe, naturally soared.
There were advantages and disadvantages. While gathering the capital from Central Europe, it was inevitable that the economy of other countries would be affected.
After the defeat of the Kingdom of Prussia, Frankfurt's stock market was the first to be hit.
Fortunately, the Government of Vienna refused to lend to the Government of Berlin, so Frankfurt's financiers did not jump into the pit.
The main impact was on some of the listed Prussia companies, especially the companies in the Russian-occupied territories, where almost nothing grew.
According to statistics, the number of people who jumped off buildings in Frankfurt due to the Prussian war in the past six months had exceeded 30.
This was the norm. Every financial center had no lack of unlucky people. Even when the market was at its best, there would still be people who jumped off buildings due to losses.
Early in the morning, the autumn wind swept up the leaves on the ground and hit Flores' face. An ominous feeling rose in his heart.
As an experienced stock speculator, Flores already had his own securities company in Frankfurt. Even though it was still very small, he still managed to escape the tragedy of becoming a leek.
Just like a casino, the banker's chances of winning were always higher than the gamblers. After setting up the securities company, Flores also worked with others to speculate on a few stocks. He got to experience the power of a banker and earned a huge sum of money.
If everything went according to plan, Flores would be able to improve further after a few more times. He might even have the chance to become one of the leaders here.
However, everyone had bad luck. Under the lead of a financial magnate, Flores joined in the speculation of the Prussian war.
Unfortunately, they placed their bets on the wrong person this time. The Prussian Federation was defeated, and they suffered heavy losses as well. They even locked up a large amount of capital.
It was normal for there to be profits and losses in the financial market. Flores was mentally strong enough to be able to withstand such fluctuations.
It was just a lock up. As long as the company didn't go bankrupt, once the aftermath of the Prussian war was over, they could release some good news and they would be able to get out of it.
Similar things often happened in the stock market. If the capital invested was too large and there wasn't any good news, it could be artificially created.
As a qualified speculator, Flores had always insisted on diversifying his investments. As long as he didn't encounter a stock crash, he could handle one or two failures.
Using his hand to cover his eyes, Flores quickened his pace. He trusted his intuition very much. This intuition had allowed him to survive two stock crashes.
When Flores arrived, the Frankfurt Stock Exchange was already bustling with activity. Without wasting any time in the hall, Flores went straight to the office where his company was located.
Although it was called an office, it was actually a small house that was less than 50 square meters. Moreover, it was shared by three securities companies.
It couldn't be helped. There wasn't any electronic trading in this day and age, and stock trading depended entirely on manual labor. First-hand information was extremely important.
The housing prices in the Exchange were really expensive. A small house that was less than 50 square meters had a monthly rent of 2,000 DND, and it wasn't for sale.
This amount of money was enough to buy a big house in any other place.
If it wasn't for the need to show off his ability to attract customers, Flores wouldn't be so extravagant.
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