The economic crisis is imminent. Ferdinand knows that the Balkan countries are similar, and they are so weak in the face of dumping by the major powers.
As for tariff barriers, this thing is indeed a good medicine for countries with rich resources and huge markets.
But for the small Balkan states in the 19th century, it was a complete arsenal. Taking Bulgaria as an example, a large part of industrial raw materials need to be imported, and export of agricultural products to large foreign exchange earnings is heavily dependent on the international market.
Bulgaria is pretty good, at least with the efforts of Ferdinand, it has laid down some industrial foundations. The biggest capitalist is Ferdinand himself, followed by the Bulgarian government, no matter how strong the battle is, he will not shake the foundation.
The former food safety law has now become a weapon to stabilize the market. At least the food currently sold internationally is basically unable to be sold on the market, and the domestic food industry has stabilized.
For example, Greece and Serbia are miserable, debts are high, and national sovereignty has long been mortgaged. The national bourgeoisie in the country has not yet developed, and it is powerless to face the economic crisis.
Combining history, Ferdinand could not help but maliciously speculate: "German's allies in the Balkans almost all reversed during World War I, for fear of being exploited in this economic crisis!"
Ferdinand was prepared early, the first thing to do was to destock, and all the companies under it began to clean up their inventory.
Regardless of the three or seventy-one, these goods were first changed to trademarks, and the vests of British, French, German, Russian, and Austrian enterprises were prepared in advance, and then shipped to the Balkan countries.
Jeffrey Dinan can't afford to pay attention to profits anyway. In short, it is important to realize cash first. In the economic crisis, cash has always been king.
On the eve of the economic crisis, Ferdinand has put a lot of goods on the markets of Ottoman, Romania, Serbia, and Greece.
International capitalists have now begun dumping into the Balkans. The sudden blow of Ferdinand has obviously exceeded the market capacity. Then in May 1892, the economic crisis in the Balkans broke out.
Because Ferdinand was well-prepared in Bulgaria, plus that he is the largest retailer, no matter how cheap the foreign goods are, he must give priority to his own! Not to mention the government, procurement is basically monopolized by Ferdinand's industries. In order to protect the national industry, it must continue to be used!
The key is that Bulgaria's big companies are not listed companies, and even take the Bulgarian stock market, because the shutdown was too slump. This guy wants to cut wool and can't do it!
In public opinion, the media headed by the Bulgarian Daily are preaching the use of domestic products without money.
I also directly linked employment with the use of domestic products, and taught everyone that if foreign products were used, domestic companies would go bankrupt and everyone would lose their jobs.
The radical ones all shouted out: Do not use domestic products, is the slogan of selling traitors.
In addition, in recent years, the government has promulgated a labor law. Under the leadership of Ferdinand's enterprises, the quality of Bulgarian capitalists has been forced to improve, and everyone's life is not bad.
So foreign products headed by Germany, although good in quality and low in price, do not sell much. People do n't buy, this ca n't be forced!
I was forced to do nothing but the capitalists can only look away and invest elsewhere. The simply Bulgarian market is so large, and it is not a big loss if it is abandoned.
Then the Ottoman Empire became its biggest victim. There is no way for him to be the biggest. The market of a country is larger than that of the small Balkan countries. Of course, this is the first goal.
First, the financial market was attacked, and the stock market was lamented. Then it hit the physical industry again. Fortunately, the Ottoman Empire industry was backward, otherwise this time, maybe it would be fun.
Next, small countries such as Greece, Serbia, Romania, etc., were directly cultivated by international capital, leaving a mess.
International Capital has evacuated. You think this is over. On the contrary, this is just the beginning.
萌 The budding industries in the Balkan countries were destroyed directly, a large number of unemployed people were born, government revenues fell sharply, and domestic contradictions began to intensify.
In history, the economic crisis only spread to the Balkans in 1893. At that time, it was nearing its end, and the damage caused was not so great.
Even so, the Balkan nations still hurt. Over the next ten years, all countries were busy dealing with internal contradictions and restoring vitality.
It is the same in foreign countries. Ferdinand has no time to take care of it, but Bulgaria, the country that suffered the least in the economic crisis, is now also mourning.
In the Balkans, an economic crisis broke out at the same time. Bulgaria 's exports have been hit hard, and orders have fallen sharply. For the companies engaged in export processing, the winter has come.
Even if there is a Russian market, these small capitalists cannot reach it. The Ministry of Industry estimates that if the economic crisis ends at the end of 1892, the number of Bulgarian companies will decrease by one-fifth; if the economic crisis continues until the end of 1893, then the number of Bulgarian companies will Cut in half.
It is gratifying to note that most of these eliminated enterprises are family-owned workshops with small scale and backward management. Even if it occupies half of the quantity, it is less than five percent of the total economic volume.
According to the Ministry of Finance estimates, Bulgaria's fiscal revenue in the second half of 1892 was one third lower than the same period of the previous year.
This also means that Bulgaria will face a severe fiscal deficit in 1892. The "Two Five-Year Plan" has already begun. All the government's previous loans and the proceeds from home sales have been invested, which is not enough.
Originally, Bulgaria's fiscal revenue grew rapidly. After calculating the fiscal revenue for the next few years, it was barely enough.
Now that the economic crisis has erupted, foreign exports are sluggish, and fiscal revenue has fallen sharply, we will face a fiscal crisis in the next few years.
More importantly, the "two-five-year plan" cannot be stopped now. As soon as it stops, a large number of unemployed people will be added in the country, which is another blow to the Bulgaria that is being restored.
But now Ferdinand is suffering and happy. On the one hand, the Bulgarian state suffered heavy losses and faced a financial crisis, which caused him a headache. On the other hand, this economic crisis, he made a lot of money.
I didn't mention it on the stock market, so I ate some residues. However, when the bottom was obtained, it was profitable and it was difficult to calculate the specific value of acquiring a group of potential enterprises.
Ferdinand is worrying about Bulgaria's finances, Ferrantz hurried over and suggested, "Her Excellency, we can set up a bank in Bulgaria. After the economic crisis broke out, a run on Winston Bank in Hungary, there are other Bank risk is too great, and having your own bank makes it easy to exchange. "
With Ferdinand's eyes brightened, why did he forget such important things?
Except for the Bulgarian National Bank, there is no decent bank in Bulgaria, and most of the financial business is still done by foreign banks. If I do n't step on my feet, how can I be worthy of my identity as a traverser?