Chapter 302, Frankfurt
Realizing that Austria was not the only one who was in crisis, the Vienna government was only one step ahead, and after Austria had opened the dumping valve, the British capitalists were quick to follow suit.
In this year's overseas trade, Britain and Austria together accounted for three-quarters of the market share, and the so-called international competition was mainly between the two countries.
The market is so big, if you take more, I will take less, and no one can make concessions.
Britain and Austria did not directly turn their faces, or because their respective development directions are different.
Britain exports the most textiles, while Austria exports the most agricultural products, which are currently the two largest commodities in international trade.
Accounting for 68.3% and 21.6% of the total international trade respectively, it is worth mentioning that the proportion of textiles is increasing year by year, while the proportion of agricultural products is decreasing year by year.
Such a disparity in the proportion is not only the difference between industrial and agricultural scissors, but also related to the trading model.
The textile industry in the UK is to import raw materials and export them after processing; Most of Austria's agricultural products are produced indigenously, and relatively few raw materials are imported.
In terms of industrial scale, the field of agricultural products must surpass the textile industry. This is demographically determined, with more than 80% of the world's population being agricultural.
However, when it comes to making money, agriculture is certainly not as good as the textile industry, even after the processing is completed.
In textiles, the British's biggest rival was the French, who had tinkered with Egypt's cotton plantation plan and ended up making wedding dresses for the French.
After solving the problem of raw materials, the French cotton textile industry has been able to develop rapidly and has become a pillar industry in China. The Paris government's Africa Development Plan has prioritized the expansion of cotton plantations.
If the French plan is allowed to succeed, the hegemony of the British cotton textile industry will be seriously affected, which is one of the main reasons for the cooling of Anglo-French relations.
Austria's biggest competitor in the field of agricultural products was the Russian Empire. As a result of the war, Russia's fledgling national industry was hit hard.
Due to the limitations of technology and capital, it is not able to complete the processing of all agricultural products in the short term, so it has to temporarily serve as a raw material source for Austria.
"Temporary" did not mean permanent, and the Russian Empire was also one of the biggest potential competitors in the field of Austrian agricultural products.
Anglo-Austrian competition is still concentrated in the field of industrial manufacturing, with the British being the hegemon of traditional industries and Austria being the leader of emerging industries.
In the eyes of later generations, these are the most important industries. However, in the short term, the market for these industries is still very small.
This is determined by the peculiarities of the industry, the infrastructure is not in place, the blind adoption of new equipment, the cost can be overwhelming, and it is not as cost-effective as using an old steam engine.
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Frankfurt, the traditional financial center of Germany, has taken on a new splendor after joining the New HRE Empire.
Today, it is one of the world's four largest financial centres, surpassing Vienna and second only to Paris and London.
Of course, the argument of the four major financial centers is not widely accepted, because the number one London is about equal to Paris + Frankfurt + Vienna combined.
This is based on the premise that Austria has grabbed a lot of gold sources, otherwise London's advantage will be even more obvious.
The foundation of world hegemony cannot be erased in a short period of time, and London will be the world's financial center for a long time to come.
The British are dedicated to raising a city, which is different from the development model of Austria. There are special reasons why Frankfurt was able to overtake Vienna in the face of insufficient resources.
The first is influence, Frankfurt is well-known in Germany, with many banks located here and strong pockets.
Secondly, the geographical location, which is right in the heart of the German region, in the German-Austrian border area, is also very close to Prussia, which is conducive to the concentration of capital from these countries.
Finally, and most importantly, Austria's national policy is not to build a super city, and Vienna, as the capital, has not jumped out to grab resources.
With so many advantages, Frankfurt, which is already the financial center of Central Europe, is naturally soaring.
There are pros and cons, and while converging Chinese and European capital, it is also inevitably affected by the economies of various countries.
After the defeat of the Kingdom of Prussia, the Frankfurt stock market was the first to be hit.
Fortunately, the Vienna government refused to lend money to the Berlin government, and the financiers in Frankfurt did not jump into the pit.
The main ones affected by this were some listed Prussian enterprises, especially those that had fallen into the Russian-occupied areas, and they were almost completely non-existent.
According to statistics, in the past six months, affected by the Russo-Prussian War, the number of people jumping off buildings in Frankfurt has exceeded 30.
This is the norm, and there will be no shortage of unlucky people in every financial center, and even when the market is at its best, there will be people who will lose money and jump off the building.
In the early morning, the autumn wind swept up the fallen leaves on the ground and hit Flores's face, and an ominous premonition arose.
A veteran stock speculator, Flores already owned his own securities firm in Frankfurt, albeit on a very small scale, and managed to escape the tragedy of being completely reduced to a leek.
As in casinos, the odds of winning are always higher than those of gamblers. After the establishment of a securities company, Flores also teamed up with others to speculate on several stocks, felt the demeanor of a bookmaker, and made a lot of money.
If nothing else, a few more visits, Flores can go one step further, and even have a chance to become one of the masters here.
However, people are unlucky, and under the leadership of a financial magnate, Flores joined the speculation of the Russo-Prussian War.
Unfortunately, this time they pressed the wrong treasure, and the defeat of the Pubo Federation brought them heavy losses, and also trapped a large amount of capital.
It is normal to have losses and profits in the financial markets, and Flores is mentally good enough to withstand such fluctuations.
It's just a trap, as long as the enterprise is not bankrupt, and when the aftermath of the Prussian-Russian war has passed, a few good news can be successfully unbundled.
Something like this happens a lot in the stock market. If the capital invested is too large, there is no good news, it can be artificially created.
As a qualified speculator, Flores has always insisted on diversification, as long as he does not catch the stock market crash, he can withstand one or two failures.
Covering it with his hand, Flores sped up. He believed in his hunch very much, and relied on this intuition to get him through two stock market crashes safely.
By the time Flores arrived, the Frankfurt Stock Exchange was already bustling. Without wasting time in the lobby, Flores went straight to the office where his company was located.
It is said to be an office, but in fact it is only a small house of less than 50 square meters, and it is also shared by three securities companies.
There is no way, there is no electronic trading these days, stock trading is all manual, and first-hand information has become extremely important.
The house price inside the exchange is really expensive, just such a small house of less than 50 square meters, the rent is as high as 2,000 Aegis every month, and it is still not for sale.
In another place, this money is enough to buy a big house.
If it weren't for soliciting customers and showing strength, Flores wouldn't be so extravagant in saying anything.