The sun is brilliant and gorgeous; A gentle and sultry breeze; Ancient melodious endless bells; the vast night sky of silence; Dazzling and dazzling stars...... Together, they embellish the splendor of early summer.

Concerts are taking place at the Vienna Palace, one of the few entertainments of the era and the highest musical festival in Austria.

Originally, Franz was going to hold an award ceremony, but he just considered his level of appreciation, and finally gave up decisively.

Music awards are very troublesome, everyone's hobbies are different, and it is easy to make jokes if the operation is not good.

After the Revolution, it was the peak of Austrian music creation, and many classical music were produced.

Franz was not familiar with the European and American music scenes, and he couldn't figure out which ones were in the original time and space, and which ones were produced by the butterfly effect.

Anyway, just listen to it, and being qualified to perform at the Vienna Palace is a recognition in itself. In this regard, we have to mention the late Marshal Radesky, and the signature of every concert is the "Radetzky March".

This 1848 work by the Austrian composer Johann Strauss the Elder is set in the Austro-Saxon War, where the Austrian army won a great victory to celebrate the victory.

The march itself has the element of showing off the Habsburg army, and with the name of the old marshal, it is a natural political plus.

Under the promotion of the Vienna government, the Radetzky March has now spread to most of the world and has become the representative of Austrian music.

Franz was also very fond of this march, and every concert at the Vienna Palace was regarded as the finale, which showed his status in the Austrian music scene.

The economic crisis was imminent, and Franz was not in the mood to enjoy the concert. Even the top officials of the Vienna government could only regret missing this musical festival.

It's not missed, they're next door to the concert, and they can still enjoy the music, but everyone is still deliberating.

Franz asked in a deep voice: "Is the situation out of control?" ”

Prime Minister Felix replied: "The situation in the country is generally stable. The strikes are subsided, and the vast majority of companies have reached a consensus with the workers and have begun to resume production.

The international community has turned upside down, and many countries have dispatched troops to suppress strikes, and the situation is very tense. At this time, there was a stock market crash, and an economic crisis was inevitable. ”

Sending troops to suppress strikes was not an isolated case and was a regular occurrence in the 19th century. The name of Bismarck's "iron-blooded prime minister" in the original time and space, in which the word "blood" was obtained from the suppression of strikes.

There are a lot of things involved in this, and it can't be summed up simply as right or wrong. Unlike Austria, which has strong local control, the police rushed to the scene to maintain order as soon as possible.

Many countries have done nothing after strikes have erupted. Left to the hands of the capitalists, the escalation of the conflict in the quarrel is almost inevitable, and the later stage is the smashing of machinery and equipment, the destruction of infrastructure......

Some of them were bloodily suppressed by the capitalists, while others were won by the workers in the conflict. Victory is not the same as the end, and human nature cannot stand the test.

If one of the workers can restrain the others, it is okay, and they can rationally fight for their rights; If restraint is lost, with only one or two impulses, the situation will quickly spiral out of control.

In order to stabilize the situation as soon as possible, the government will inevitably choose repression. At this point, it doesn't matter what is right or wrong, the bureaucracy just needs to calm the chaos and stabilize the situation as soon as possible.

After the fact, most of the unlucky people are ordinary workers who have no right to speak. Even if there were people in the government who sympathized with them, they would fall under the silver bullet offensive of the capitalists.

In Franz's view, the main culprit in the tragedy was actually the government's inaction or deliberate bias in favor of the capitalists.

Under his butterfly effect, basically all European countries now have "labor protection laws", and if the government intervenes in advance and mediates labor conflicts within the legal framework, it is not difficult to avoid riots.

It's just that in this way, it will be difficult for the capitalists to obtain greater benefits. The vast majority of companies do not meet the standards of the Labour Protection Act, otherwise there would be no general strike across Europe.

The wave of strikes in Austria was contained, and in addition to the capitalists' fear that the strikes would affect production, they also feared that the government would intervene after the strike broke out and find out that they had violated the Labour Protection Act.

When the first signs of a strike appeared, many capitalists took timely measures, increased some of their salaries, and appeased the workers.

As for the companies that broke out in strikes, part of them was not bright enough to realize the danger; The other part is hesitant in the face of interests and is a step slower to react.

In fact, manual treatment usually follows the market situation. If the treatment of other factories is increased, and you continue to stay the same, it is estimated that it will not be long before all the capable workers run out.

With the development of the economy, the rise in labor costs is an inevitable result. This is also the driving force for the progress of the productive forces, without which the capitalists would not have taken the initiative to carry out technological innovations.

The impact of the strike is not only on corporate production, but also on the shrinking of the consumer market. During the strike, there was no pay, people had to cut back on food and clothing, and their purchasing power naturally declined.

Coupled with the stock market crash, the capital chain of the enterprise will be broken, and the situation may be directly bankrupt, and the social unemployment rate will rise in a certain period.

The conditions for an economic crisis are already in place. Austria itself was in crisis, the international market was not good, and God could not prevent the crisis from erupting.

Looking out the window, Franz was ruthless: "Then squeeze out this tumor as soon as possible!" ”

The sooner a cancer is treated, the faster it will recover. If it drags on to the end, the tumor grows uncontrollably, it will kill people.

There are pros and cons to economic crises, every economic crisis brings serious losses, and just as every economic crisis brings a lot of opportunities.

Essentially, the economic crisis is a self-regulating fix for the market. We should bring the deviant economy back on the track of correct development.

Anyway, the Great Migration strategy has just begun, and no matter how many unemployed people are added to the economic crisis, there is a place to go.

……

Following Franz's orders, the Vienna government took conservative economic measures and abandoned the initial bailout plan.

On June 18, 1876, in order to stabilize the financial markets, the Austrian Central Bank announced a monetary contraction and raised the benchmark interest rate on deposits by 16%.

Shrinking the silver root when the market is most short of money, where is this "bailing out the market", it is clear that it is falling into the well.

There are many banks in Austria, and the central bank is similar to the role of the Federal Reserve, which can regulate and influence the financial markets. The central bank's increase in the benchmark interest rate is only a recommendation, but it does not force all banks to raise the interest rate on bank deposits.

In fact, in order to absorb deposits, the interest rate on deposits of most banks exceeds the benchmark interest rate.

Prior to this, Austria's benchmark interest rate for one-year deposits was 1%, and even if it were to be raised by 16%, it would be only 1.16%.

This figure is still lower than the deposit rates of major banks in the market, but the impact is huge.

Through the central bank's measures, it became clear that the Vienna government would not fund the bailout in the future, which made many investors despair.

Smart people have realized that the economic crisis is inevitable and have raised money to survive the winter, and the stock market has become more depressed.

On June 24, 1876, the Munich Verda textile factory filed for bankruptcy reorganization with the Munich government due to the rupture of the capital chain, which opened the prelude to the economic crisis.

In just one month, more than 200 enterprises, including 30 listed companies, applied to the government for bankruptcy and reorganization, and more than 400 enterprises directly declared bankruptcy, and the economic crisis broke out in Austria.

When companies go bankrupt on a large scale, the wave of strikes naturally ends, and is replaced by a wave of unemployment.

Public opinion also became chaotic, and the capitalists began to frantically shift the blame for the economic crisis to the workers' strikes.

This has no effect, on the cusp of the second industrial revolution, unable to keep up with the times, and choosing to go against the wind, it will naturally be eliminated by the market.

The "strike incident" is only the fuse, and at this point in time when the old and the new are alternated, it is itself a crisis and an opportunity.

Affected by the economic crisis in Austria, the Russian Empire and the Federal Empire of Germany soon followed, and economic crises broke out one after another.

This was only the beginning, and the rest of Europe was quickly implicated. By August, the economic crisis had hit London, and all the industrial countries of Europe had fallen.

Seeing that everyone was unlucky together, Franz was relieved. This is in line with the market laws of the capitalist economy, and it has been almost ten years since the last economic crisis, how can the market not have problems?

As it turned out, the problems had accumulated a long time ago, and only one fuse index was missing.

Another round of big fish eating small fish game began, and as the power of the consortium grew, Franz didn't know whether it was right or wrong.

However, the cruel reality told him that this is an unstoppable law in the development of capitalist economy, and it is beyond the control of individuals.

In addition to becoming a member of it and controlling these new forces as much as possible, Franz could not swim against the current and prevent the creation of conglomerates.

To put it bluntly, it has suppressed domestic consortia, but it has not been able to restrict international consortia. Some monarchs and nobles may have been aware of them, and Franz also saw them in the capital market.

Obviously, there is no shortage of smart people in this world. If there were no two world wars, I am afraid that the monarchy and aristocracy would not have declined so much.

Of course, what the eye sees may not be true. In his previous life, Franz was just an ordinary person, and the circle he could contact happened to be at the bottom of society, and he couldn't reach the superstructure at all.

What he saw on the Internet can only be used as a reference, if it were all taken as the truth, he would have been killed a long time ago, and it would be impossible for him to live so nourishingly.

The emergence of consortia is the law of the market, but who is dominating the consortia remains to be examined. At least in this era, the power in the hands of the aristocracy was far stronger than that of the capitalists.

As far as Franz knew, many of the big capitalists in Europe had the shadow of the big aristocracy behind them. Otherwise, in this dark age, they would have been swallowed up long ago.

Well, that's how Franz played, too. In addition to the royal industries on the surface, most of the industries are also controlled secretly, and they are remotely commanded behind the scenes.

There is no way, all these properties are placed in the name of the royal family, it is too hateful, and the emperor will also coax it.