The economic crises of the capitalist world often come and go in a hurry. The first global economic crisis finally came to an end in early 1859.

By the end of 1858, Austria's industrial output had fallen by 29.7 percent over the previous year, the total economic output had fallen by 17.3 percent, more than 3,000 enterprises had gone bankrupt, and the number of unemployed people had exceeded the 1 million mark......

Franz finally understood why everyone was so afraid of the economic crisis, and the Vienna government actively responded to it, but the losses were still so large, let alone the countries that did not take measures.

Of course, the loss of the Austrian economy is also directly related to the wild economic growth before, and the market value of the railway company that was fired by Franz once fell below one-tenth of its peak.

The economic crisis is not just bad, but it is not just bad. Looking at it from another perspective, this also means that Austria's industrialization is almost complete. Such losses will only occur if the capitalist economy has developed to a certain extent.

If the capitalist economy does not develop, even if it encounters the economy, it will not be affected in any way.

The Russian Empire next door is an example, does the economic crisis have anything to do with them?

The United States and Austria suffered the most from the economic crisis, and the United States was completely overwhelmed by the fact that the British withdrew their funds, and there was a shortage of money in the market.

Austria is naturally the after-effect of the frenzied influx of capital and the blind investment of capitalists. After the economic crisis, the market has returned to rationality, which is not a bad thing.

After a cursory look at the economic report, Franz nodded with satisfaction.

In the absence of any experience to draw on, the Vienna government was able to come out of the economic crisis so quickly.

Prime Minister Felix said: "Your Majesty, the economic crisis is over, and the world economy is beginning to pick up. The Cabinet decided to end the economic stimulus policy so as not to reappear in a frenzied blind investment.

In response to this economic crisis, the government increased investment in infrastructure, and in 1858 our fiscal deficit was as high as 280 million Aegis, which seriously exceeded the government's financial capacity.

In order to reduce the financial pressure, the government plans to reduce fiscal spending in the next three years and gradually reduce its debt by 30 million Aegis.

The projects that have already started construction will continue, and the projects that are being planned and those that have not yet been constructed will all be postponed. ”

Infrastructure also costs money, and the Vienna government, which is the biggest takeover in this economic crisis, has also spent huge sums of money.

Part of the funds raised from the issuance of bonds were used to take over unfinished projects; Some of them have entered railway companies and industries related to the national economy and people's livelihood in the form of investment and shares.

The fiscal deficit of 280 million Aegis was spent. Two and a half years of fiscal revenue have been turned into infrastructure projects and corporate equity.

The remaining part will also be earmarked. Not all engineering projects are unfinished, and the trapped plan still traps many people.

People are continuing to complete the project, and the government will naturally have to pay for the project. The Vienna government is very creditworthy, and payment is made as soon as the completion is accepted.

When the government ran out of money, it naturally had to cut spending, and the first thing was to cut infrastructure investment.

This large-scale infrastructure construction is equivalent to ten years of investment in ordinary times, and naturally it is impossible to continue.

No matter how crazy he is, Franz will not be able to spend twice his fiscal revenue every year on infrastructure construction.

In times of economic crisis, it's okay to engage in a wave of emergency responses. After the end of the economic crisis, it is still necessary to give priority to economic benefits in infrastructure construction.

Franz thought for a moment and said: "This is inevitable, our total debt is already the fourth in the world, and we really should reduce some of it."

At present, the construction of important urban infrastructure in China has been covered, and there are no major necessary projects in the short term, and infrastructure construction can be completed first.

In the next two to three years, the government's fiscal pressure is likely to be greater. After this time, the large amount of corporate equity we hold in our hands should generate income. ”

When he said this, Franz himself had no confidence. It is true that the income is generated, but it is a pity that the largest amount of money has entered the railway company, and this investment is not profitable.

Unless, he now relaxes the policy and allows the railroad companies to abandon some of the unpopular lines and only operate railways in prosperous commercial areas.

Economically, this is the most profitable; Politically, this is absolutely unacceptable.

Covering the railways to every city in need is not only for the sake of economic development, but also to strengthen the central government's control over the local government.

In this context, Franz can only say sorry to the speculators who were trapped in the later stage. For the sake of national development, railway companies must first operate at a loss, and do not aim to make profits in the short term.

If it weren't for the reason that the market was hot and the capitalists were free to build railways, it is estimated that there would be three or five railways in parallel in prosperous areas, and there would not be a single track in economically backward provinces.

This has been proven in Britain and France, where railways without economic value will not be built at all, and a large number of duplicate construction will be carried out in economically prosperous areas.

If there is only one pitfall, the problem is that many of the enterprises in which the government has invested belong to heavy industry, which belongs to the kind of investment with high investment, long cycle and high return.

In the short term, these enterprises will have to expand production and promote technological innovation, and basically they will not see dividends, and they are counting on these investments to make up for the long term of finance.

Of course, from the very beginning the Vienna government did not expect much to gain from this.

More often than not, the government invests in the shares to provide life-saving funds to enterprises to keep these core industries.

This is equivalent to the current government living a hard life, leaving a rich foundation for the government behind it. This kind of thing can only happen in politically stable countries.

It would be nice if the government changed frequently, and it would be good not to leave trouble for the next one, and I wanted to accumulate money for them, so dream!

This is also the reason why the government debt of many countries is increasing, anyway, as long as you are happy this time, who cares about the life and death of the successor?

In the end, the government had to be influenced by the consortium and gradually became the spokesperson of money.

Iron battalions, flowing soldiers.

Monarchies are different, the cabinet government will change, and Franz will not change the emperor, even if he has to change his successor, then his children and grandchildren. Naturally, no one will be allowed to sacrifice future development for the sake of immediate interests.

"Your Majesty,"