God-level Trader of Rebirth

Chapter 140 American Rich Man

After the Second World War, the economy of the island nation was devastated, and the land was in ruins.

At that time, many people in the world thought that the country was doomed and would never recover from it.

However, it relied on domestic reforms and the favorable international economic and financial environment at that time.

After recovering in the late 40s and early 50s, the island nation finally recovered all economic indicators and surpassed the pre-war levels in 1955.

Time to enter the 20s.

The economy of the island country is facing external shocks. The collapse of the Bretton Woods system led to the appreciation of the yen and reduced the competitiveness of the island country's exports.

The two oil crises in 1973 and 1979 severely affected the development and operation of the island nation's economy.

However, in this unfavorable international environment, the island countries have shown amazing adaptability and successfully escaped the trap of stagflation.

Because a long time ago, the economy of the island country has already begun to turn, from an energy-consuming economy to an energy-saving economy.

More generally speaking, it means abandoning heavy industry and gradually turning to high technology.

Because they have long anticipated the oil crisis, they have worked hard on how to save fuel in advance.

After the outbreak of the oil crisis, oil prices soared, and the American people began to control their spending and began to consider buying fuel-efficient cars. However, most American cars have large-displacement, high-fuel-consumption engines, which simply cannot compete with Japanese and German cars.

With the successful entry of "Made in Island Countries" into the European and American markets, the trade surplus of the island countries with Europe and the United States has rapidly expanded.

A large number of cheap goods are imported into the United States, while the products produced in the United States cannot be sold because the prices are too high.

The prosperity of the export industry has made the economy of the island country develop by leaps and bounds, and it has become the second largest economy in the world after the United States.

At this time, the island country created a miracle in the history of the world economy, and its scenery was boundless. It even once uttered the rhetoric of buying the entire United States.

However, history tells us that if you come out to hang out, you don't have hard power, and you dare to be so arrogant, you have to pay off your debts.

In 1985, led by the United States, West Germany, Britain and France forced the island countries to sign the "Plaza Accord" at the Plaza Hotel in New York.

Since then, the yen has been forced to appreciate.

In the following three years, the yen appreciated by more than 50%, which shocked the whole world.

The rapid appreciation of the yen has directly led to the obstruction of the island country's export products, resulting in a large number of unsalable products.

It was expected by the decision-makers of the island countries that the export was blocked, but they did not expect that things would develop so fast, and the magnitude and speed of appreciation greatly exceeded expectations.

In order to cope with the domestic economic downturn, the authorities of the island countries have adopted expansionary financial policies in order to expand domestic demand.

Stimulated by various expansionary economic policies, the island nation's corporate equipment investment rate has remained at a high level for several years in a row.

However, a large amount of excess funds did not fully enter the production field, but pushed up the prices of assets such as stocks and real estate.

Land myths and stock market myths have led to an increase in the asset value of more households and corporate value. Excessively optimistic expectations have led to excessive consumption and excess investment.

In this way, the largest economic bubble in the history of the island nation was formed.

Due to the long-term appreciation of the yen, export industries such as machinery, automobiles, and electronics have been suffering, and they have transferred their industries overseas.

The hollowing out of the island nation's real economy is becoming increasingly prominent.

In 1992, the island nation's bubble economy burst.

After the bursting of the bubble economy, the island country's real industry has also suffered a major blow.

The channels for enterprises to obtain funds are blocked.

As a result, for several consecutive years in the following years, the number of companies that closed down in the island country every year was more than [-].

The time was pushed back to [-], a day in mid-September.

A luxury stretch Lincoln, followed by a Mercedes, is speeding towards the southwestern part of the island nation.

Destination, a large machinery factory in Shimane Prefecture.

The economic downturn, coupled with the fact that it is located in the suburbs, the roads along the way have not been repaired for a long time.

After several hours of bumpy rides, the two cars finally stopped at the gate of the factory.

The security guard in the guard room looked at the two limousines enviously.

They didn't know which rich man's car it was, so they didn't dare to neglect it, and hurried forward to ask.

The automatic window of the driver's cab lowered slowly, revealing a face with a narrow face and a high nose, obviously also from the island country.

Speaking in a Kansai accent, he said arrogantly: "Our boss is American and wants to invest in Shimane County. I heard that you are the largest machinery factory in the area, so he stopped by to inspect it. If it is really good, he will Buy it here!"

When the security guard heard that it turned out to be an American, he was immediately in awe.

The safety of the island country is entirely protected by the American troops stationed in Okinawa.

For them, the United States is not only a powerful umbrella, but also a god-like existence in the hearts of many island nations, which the island nations cannot contend with.

He didn't dare to hesitate a bit, and immediately smiled flatteringly into the car, regardless of whether the other party could see it or not.

If this American rich man really bought the factory, wouldn't he become the opponent's subordinate?

It is necessary to give the other party a good impression.

soon.

The call from the security room went directly to the office of the president (equivalent to the general manager), which immediately caused a violent commotion.

During World War II, their factory was still a state-owned enterprise, but since the island nation was defeated and surrendered, their factory was privatized and eventually taken over by private owners.

Later, due to the economic revitalization of the island country, the factory also experienced a period of glory, and various export orders received soft hands.

But in recent years, the bubble economy has collapsed, and the economy of the island country is like a roller coaster, with ups and downs, and companies are living like years, going from bad to worse.

Their factory has survived until now, and is also facing the risk of closing down at any time.

At this time, I heard that there is a rich man in the United States who is going to buy the factory, not to mention the factory owner, even the employees in the factory are all smiling.

After all, this means that their factory does not need to go bankrupt, and their job before retirement is also kept.

The gate of the factory opened, and thousands of employees lined up to welcome them. Lincoln cars and Mercedes-Benz cars slowly passed in front of them, accepting their warm welcome.

If this scene is covered with a red carpet, flowers and so on, it will be no different from welcoming a state guest.

Seven or eight years earlier, when their factory was at its most glorious, the number of workers in the factory would have more than doubled.

It's just that with the bursting of the economic bubble, many workers were fired. If the rich man came two years later, the equipment in the factory might have to be dismantled by the workers to sell.

(End of this chapter)