Reborn South Africa as a police officer

Chapter 1724

February 1927, [-], this day is destined to be remembered by many people, and it will be mentioned frequently in the countless years since then. "Black Monday" started with the collapse of the US stock market and started a decade-long Great Depression.

No one knows the root cause of the U.S. stock market crash. Some say it is the price cut of Standard Oil, some say it is the intervention of external capital, and some say it is the greedy Wall Street tycoon.

The "Great Depression" is a summary of the economic crisis in 1927 by later generations, but in 1927, no one realized that this economic crisis would last for a full decade.

Except Rock.

Rock knew that the U.S. stock market crashed on February [-]th.

Stoudemire excitedly came to Rock, and wanted to form a group with Rock to buy bottoms in the U.S. stock market.

"No, no, no, Cecil, don't worry, it's not time to buy the bottom yet—" Rock's head was also a little big.

Rock is no stranger to the Great Depression, and he has been preparing for it for several years.

However, in Roque's memory, the Great Depression in another time and space seems to have erupted only in 1929, but now it is 1927, which made Roque a little confused and a little panicked.

There is a feeling that the wild horse has lost control.

"Why? The U.S. stock market crashed. The stock index fell by 40.00% in one day. Nearly a hundred banks and companies went bankrupt yesterday. Now is the best time for us to enter the market—" Stoudemire couldn't wait, the stock market crashed like this , Some people are happy and some are worried.

"Wait for Cecil, be a little patient—" Rock smirked, what are hundreds of schools, the world has an economic crisis every ten years, only this time the economic crisis is called the Great Depression, and the impact is far greater than everyone imagined serious.

There are a lot of data about the Great Depression, among which there are two that Roark is most impressed with. One is that within two weeks of the beginning of the Great Depression, the U.S. stock market lost about 300 billion U.S. dollars, which is equivalent to the U.S. in World War I. total expenses.

The other is more than 2 U.S. banks, nearly half of which closed down during the Great Depression. At the worst time, all banks closed down.

"What are you waiting for Locke, now is the best time for us to take revenge on the Yankee, let the damn Yankee die!" Stoudemire's big ax was already hungry and thirsty.

At this time, Ada and Henry also came to the Palace of Justice, and all the three friends were present.

"You also want to buy bottom?" Rock is not surprised, but it would be strange if Ada and Henry had no idea.

Henry suppressed a smile and nodded, holding back was really hard.

"I don't think so, I've already sent a telegram to Adrian, and I can't leave the opportunity to Rockefeller and Morgan—" Ada calmed down, not only the Southern African consortium, but also the Wall Street tycoons were eager to make a move.

Otherwise, why do you think that the economic crisis is so regular every ten years? If there is no human factor behind it, the homeless people on the streets of New York would not believe it.

"Hehe—" Stoudemire sneered, looking at Rock with unfriendly eyes.

The meaning of this is obvious. Just now someone said to calm down, but he has already started to attack behind his back. Double standards.

"The U.S. stock market plummeted, don't you guys worry about the southern African stock market?" Rock was also helpless, the focus of these people was a bit strange.

The world has developed to the present, and the earth has become a global village. The collapse of the US stock market will soon cause a chain reaction. No one can survive alone, and the same is true for southern Africa.

Especially in recent years, the economic ties between southern Africa and the United States have become closer and closer. Just look at the sales of southern African companies in the United States.

If the US economy collapses, the profits of southern African companies will also be affected, which has been reflected in the southern African stock market today.

Just now, the southern African stock market opened. Affected by the US stock market, it also plummeted by 40.00%. Although it is not as good as the [-]% in the US, it is very rare for the southern African stock market, which has always been stable.

Compared with American companies that are more and more fond of playing with finance, southern African companies are more pragmatic, so they are less affected by the economic crisis.

Coupled with the timely entry of Rand Bank and Nyasaland, the southern African stock market has now returned to normal after a brief decline.

"What is there to worry about? If someone wants to sell Adan's stock, you don't need to sell it. I will buy as much as you sell!" Stoudemire is full of domineering. With such confidence, it is indeed difficult for the southern African stock market to crash.

"It's not good for you to do this. There is no liquidity in the stocks. How can they appreciate?" Rock's head is big. There are people making troubles in the US stock market, and the same is true in southern Africa.

"Who said there is no—" Stoudemire triumphantly.

Henry scratched his head.

Ada picks her nails.

It was only then that Roque realized that it was not good to be a shopkeeper at times. There were many things that Roque himself didn't know. No wonder the shareholding of Adan Company became more and more complicated.

"Okay, let's get down to business. The economic crisis has come, and Southern Africa will definitely be affected, so how should we deal with it?" Rock doesn't care about the PY trading of the stock market, and it's rare for people to come together, so let's discuss it by the way.

"Back the bottom!"

Stoudemire, Henry, and Ada spoke in unison.

Now it's Rock's turn to scratch his head, buying the bottom and buying the bottom, how can it be so easy to copy, the US stock market crash is only the first day, think about what kind of goods those companies have not even survived the first day, there is no value in buying the bottom at all, It is impossible for a truly valuable enterprise to have no ability to resist risks at all.

Like Standard Oil --

Don't look at the price cut of Standard Oil, the more oil you sell now, the more you lose, but the stock price of Standard Oil is very strong and there is no fluctuation at all.

The key is that people have confidence in Standard Oil. No one sells Standard Oil stocks in the market, and even if they do, they will be bought immediately. Just like Standard Oil, a stock market crash is impossible.

"It's up to you to buy the bottom. I mean, if the economic crisis breaks out in the United States, southern Africa will definitely be affected. What should we do?" Experts are not stupid, and companies with no value will naturally not touch them.

Now Stoudemire, Henry, and Ada were finally silent.

Even if they didn't know how long the Great Depression lasted, how big the impact was, and how serious the consequences were, the mention of the economic crisis still made Stoudemire, Henry, and Ada terrified.

"The rand will depreciate further. If the situation worsens, we must be prepared to abandon the gold standard." Ada quickly entered the state.

"Restrict gold exports, including gold exports to London." Stoudemire did not hesitate to abandon Britain when it was time to abandon it.

It's all an economic crisis, let's forget about the obligations of the suzerain country, dead friends don't die poor people.

"We need to increase aid to industry and agriculture. When the economic crisis breaks out, exports will definitely be severely affected—" Henry just opened his mouth, and suddenly looked at Rock with surprise.

It was only then that Henry remembered that after the New Year, large-scale infrastructure construction began in southern Africa, and it seemed that Fawalt Steel Group would not be greatly affected.

The main reason for the outbreak of the economic crisis is that there is no money. When the stock market crashes, the banks will be run on. The banks have no money to lend to the factories, and the factories have no money to organize production. The workers will lose their jobs. If they are unemployed, they will have no money to buy various consumer goods. The economic crisis will be more severe.

The start of large-scale infrastructure construction in southern Africa is equivalent to the federal government sending money to the whole society. As long as the factory has orders, it can survive. Although profits will definitely drop compared to before, in the current economic crisis, survival is already very important. It's not easy, let's talk about the profit later.

"Is Rhodesia company industrial or agricultural?" Stoudemire was a little vague about the positioning of the company under his name.

The Rhodesia company, which was born out of a South African company, is a wonderful thing.

The Rhodesian Company still owns the right to control all the land in Rhodesia.

In the farms in Rhodesia, most of the agricultural products are sold to Rhodesia companies.

The Rhodesian company sells them to the outside world after processing. Various fruits, vegetables, and canned meat are the main products, most of which are for export.

It doesn’t work if you don’t export it. Canned food looks high-end, but it’s definitely not as delicious as fresh ones. The prices of various local agricultural products in southern Africa are low, and almost no one cares about canned food. The Ministry of National Defense of Southern Africa will regularly purchase canned food. As a strategic material reserve.

During the economic crisis, the Ministry of Defense must increase its procurement efforts.

"Cecil, during the economic crisis, surviving is the main goal." Rock reminded Stoudemire that at this time, you really can't be hypocritical, let's live first.

During the Great Depression in another time and space, American farmers destroyed a large number of "surplus" products, replaced coal with wheat and corn as fuel, and poured milk into the Mississippi River, turning the Mississippi River into a "milaxy river".

The reason for this is not that the farmer is so stingy that he would rather pour out the milk than give it to the poor, but that the price of milk is so low that even the shipping cost cannot be covered, so what can the farmer do? The milk was sent to the city for the bums to drink, so it was simply poured into the river.

This kind of thing cannot happen in southern Africa. The federal government of southern Africa formulated the "Price Guarantee System" last year. No matter how low the price of milk is, it will not be so low that even the shipping costs cannot be covered. The federal government will subsidize it.

As for Stoudemire's company, there is no need to worry. Canned food has a long shelf life. The canned food produced by Rhodesia has a shelf life of more than two years. This shelf life does not mean that it will deteriorate after it expires. The best eating time, it will not deteriorate immediately after two years, and the taste will definitely be worse.

"I know that other companies can tap domestic demand, so what about Rhodesia? Who eats canned food in southern Africa—" Stoudemire wailed. The southern Africans can't be blamed for this. Southern Africans don't have the habit of storing food.

Americans store food, but it is rare for farmers in the suburbs to go to the city, so they buy enough at once when they go to the city.

Farms in southern Africa are basically self-sufficient, and those who mainly spend money on food will be ridiculed by their peers.

(End of this chapter)