1850 American Gold Tycoon.

Chapter 310 Crazy Railway Industry
The economic crisis in the United States has a cyclical law, and an economic crisis will break out almost every ten years.

This is also the law of development of the capitalist economy.Since the first economic crisis broke out in the United States in 1825, the life of the American people for the next two hundred years has been spent in crisis, depression, recovery and upsurge.

The last and last American economic crisis broke out in 1837 and 1847 respectively, and the next one was in 1857.

In fact, the economic crisis every July and August is not so terrible. After several economic crises, American politicians and economists have also accumulated rich experience in dealing with economic crises.

If nothing else, according to the laws of the capitalist economy's own development, the economy will recover to varying degrees in the next ten years.The economic crisis that breaks out every September is catastrophic.

"The Atlantic Railway Company has just won a railway route with great commercial value, and I haven't had time to tell you about it." Garrett said complacently.

"Which route?" Liang Yao asked.

"Railway from Philadelphia to Chicago," Garrett replied.

Philadelphia was the first largest city in the United States. After New York won the crown of the largest city in the United States, Philadelphia was still the largest city in the United States in terms of economic size and population in the middle of the 19th century.

Needless to say, Chicago, although Chicago is only a small city with a population of only tens of thousands, but with the deepening of the Western Development Movement, it is only a matter of time before Chicago develops into a big city.

Garrett's eyes are still good, after all, he is also a well-known railroad tycoon later on.

What Liang Yao was concerned about was that Chicago had great potential for development, and many discerning people could see where the current development trend of Chicago was.

Furthermore, someone has already taken the lead on the Chicago railway. The Erie Railway Company already has a railway from New York to Chicago, and the distance between New York and Philadelphia is not far, only less than 150 kilometers.

"The Erie Railway Company already has a railway from New York to Chicago. The construction of this railway is a big test for the Atlantic Railway Company, and the cost will not be low." Liang Yao said.

"Don't worry, boss, we have won the support of the state governments along the way, and the banks of the states along the way have also promised us to issue low-interest loans for the construction of railways. The state governments also need to build new railways to absorb more employment. And you are forming the Atlantic Ocean. When I was with the railway company, I left a good network for the company." Garrett said confidently.

"The Atlantic Railway Company is a high-quality railway company, not those railway companies that blindly build garbage railways for land. Please believe me, in the near future, your Atlantic Railway Company will become the most powerful railway company in the United States."

Garrett mentioned that Liang Yao left a good network for the company when he formed the Atlantic Railway Company.In fact, at the beginning of the establishment of the Atlantic Railway Company, Liang Yao absorbed two heavyweight shareholders, the Barings Bank and the Rothschild family.

These two shareholders were instrumental in the expansion of the Atlantic Railroad.

"Have you encountered any resistance in taking the land?"

Even Liang Yao was very surprised that the Atlantic Railway Company developed so smoothly.

Liang Yao thought that the development of the railway industry would be very good in the 50s, but he did not expect it to be this good.

You must know that the projects of the Atlantic Railway Company are not as good as those of the California Railway Company. Most of the railways built by the California Railway Company use unclaimed land, and there are no land ownership disputes.

The situation of the Atlantic Railway Company is just the opposite of that of the California Railway Company. The areas passed by the railway are basically owned land, and you may not be willing to sell these lands if you want to buy them.

"You don't know how crazy the railway industry is these days. Landlords are eager for us to buy a piece of their land, let the railway pass through their land, and bring value to their land. Some landowners even donate the land needed for laying the railway directly to us. To the railroads, just ask the railroads to set up a train station on their land.

Of course, more landholders use their land as shares in railway companies.This is the age of the railway, and the railway is everything. said Garrett.

"Even if you encounter a lawsuit occasionally, you don't have to worry. Our Atlantic Railway Company's legal team is very strong, and we have Lincoln lawyers."

"Understood." Liang Yao nodded and said lightly.

According to Garrett's few words, Liang Yao has keenly felt that there must be something wrong with the current barbaric growth of the American Railway Company, and there is a railway bubble.

However, this bubble has only just blown up, and it will not burst yet. Historically, the bursting of the American railroad bubble in the 19s followed the economic crisis of 50.The Atlantic Railway Company still has 1857 years of brutal expansion, and Liang Yao also believes in his judgment.

As for the unhealthy development of the eastern railway industry, he should not worry about it.

Liang Yao went to August, which was the residence of the Rothschild family's New York agent.

August was the representative sent by the Rothschild family when they purchased the shares of the Nicaraguan shipping company from the Baring family and the Rothschild family the year before and signed the gambling agreement.

"General Liang, rare guest, this is the hat you asked me to get for you in Paris." August puffed up his chest and showed Liang Yao the pocket watch strap on his chest. After waving his hand, the servant soon brought up two exquisite wooden boxes.

Liang Yao's visit surprised August, and August said in amazement, "I didn't expect that I would be the first person you visit when you come to New York."

Liang Yao took the box in person and said, "This box is really beautiful, thank you, Mr. August."

"My wife took a lot of trouble to get it from acquaintances in Paris. This hat is in short supply, and you want two if you want it. The ladies in Paris are crazy about this thing. They don't have this hat. He couldn't bear to go out, and insisted on letting the men get them a hat like this, otherwise he would threaten the men not to attend the banquet and make the men lose face.

Hey, I really don't understand these vain women, and those so-called fashion art people, they always like to promote ordinary things as rare and precious. "August laughed, "With this gift, I think you can easily capture the favor of any Miss New York. "

"The pocket watch in your pocket is probably in short supply." Liang Yao pointed to August's pocket watch strap with a smile and said, "Men and women are the same when it comes to vanity, they just like to compare things Just different."

"You make a lot of sense." August subconsciously glanced down at the strap on his chest, and then admitted it generously. Seeing that Liang Yao didn't intend to come in and sit down, he couldn't help asking .

"You came to me today just to get this hat? Why don't you come in and talk about business?"

The stake in the Atlantic Railway Company is the most successful investment of the Rothschild family in the United States so far, which also allows August to earn enough face in front of the owner.August was very interested in discussing business matters with Liang Yao.

The success of the Atlantic Railway Company and the American Group behind the railway company also made August realize that this gold tycoon, who many rich people in the eastern United States despise, has his own business advantages.

Liang Yao's success was no accident. Of course, in the gambling agreement between him and Liang Yao, losing was already a certainty.

Liang Yao's original promise in the VAM agreement was that the Atlantic Railway Company would make a profit within three years. Judging from the current situation, perhaps not even three years, and the probability that the Atlantic Railway Company would turn a profit within two years was very high.

(End of this chapter)