Kossuth is not an economic businessman, and the top of the republican government also lacks an economically-minded master, and they have not thought about what 200 million dong means for Hungary!

They don't know, and that doesn't mean everyone here doesn't either, so Howell, the representative of the banking group, asked:

"Mr. Kossuth, do you know what Rp 200 million means?"

This question directly asked Kossuth, and he also thought that these big nobles and big capitalists would bargain, but he didn't expect them to ask this question.

In terms of currency value, 1 dong is about 11.69 grams of silver, and 200 million dong is 46.76 million taels of silver. (Gold & Silver 1:10 or so)

In 1847, Austria's fiscal revenue was only 155 million guilders (except Hungary), and the British fiscal revenue was only more than 50 million pounds.

Before the revolution, Hungary had a good fiscal revenue of 100 million guilders, but after the establishment of the republican government, it spent 100 million guilders of wealth.

Basically, the money was obtained from the sale of a large amount of state-owned assets, plus taxes levied by the government. (Emperor's property and public property of the whole people)

No one has raised this question before, it is that everyone has vested interests, and no one will refuse to send money to the door when they buy the property at a low price.

It doesn't matter if you don't know, the first element of a politician is to be thick-skinned, and if you still want to be a politician, don't be a politician, especially a politician in a republican country.

"Of course, Rp 200 million is indeed a big number, but for everyone here, it's not impossible to get it!" Kossuth replied calmly

Indeed, for the people here, not to mention 200 million dong, even if it is increased by another three or five times, they can still afford it.

Affordability and taking it out, these are completely two concepts, no one wants to take their money out, even if the interest rate is high, they can't stand the loan or not?

At the rate at which the new government spends money, no amount of money can fill this bottomless pit, which is why many revolutionary governments in the world have failed.

The idealized government wants to do too many things, and as a result, things are not famous, so they hollow out the country first.

"Mr. Kossuth, when you were in school, the economy probably failed, please check how much currency is circulating in the Hungarian market, and then answer this question!" Howell scoffed

In fact, there is a limit to the amount of currency circulating in the market, and the more currency in circulation will depreciate, and if there is less currency in circulation, there will be a money panic.

From an economic point of view, the withdrawal of 200 million dong of currency from Hungary at once will cause a money panic in Hungary, followed by a run crisis - bank bankruptcy - financial crisis - the outbreak of the financial crisis - the arrival of the Great Depression.

This era is not as good as in later generations, everyone plays credit money, you can transfer money directly in the bank, and you have to take cash to buy bonds, which is no longer a question of whether they want to pay or not, but everyone can't take it out at all.

(Source: Gross national savings in 1848 in Austria were 48 million guilders, in the United Kingdom 28.2 million pounds, 1 pound ≈ 9.6 guilders)

There is no doubt that Kossuth is a shame this time, or that his team is all novices, making such an obvious mistake.

Of course, there are many people who have made similar mistakes, and this is the common characteristic of the cannonball party, and when considering problems, they are often very one-sided.

……

Before Kossuth could solve the financial problems, the war had already begun.

On 8 May 1848, Austrian troops in the Croatian provinces took the lead in attacking the Republic of Hungary.

On 9 May, Austrian troops from Bohemia and Transylvania also launched an attack on the Republic of Hungary.

On 10 May, Albrecht's counterinsurgency army arrived at the front, and the Austro-Hungarian War began.

The tactics of adding fuel did not exist, and this time Kossuth's prophecy was fulfilled, and the four-way army launched an attack at the same time, and if the logistics and transportation troops were added, the total strength really exceeded 400,000.

Of course, only half of the troops were really engaged in the offensive, at most, and even then the Republic of Hungary could not hold back.

Vienna

On the battlefield in Hungary, the good news was passed on to the people, and with absolute strength, it was no longer possible to reverse the unfavorable situation by shouting slogans.

In order to ensure victory, Franz also transferred Prince Wendy Schgretz, the commander-in-chief of the Bohemian army, as Minister of War on the grounds of overall needs, and replaced it with Julius as commander-in-chief.

Prince Wendy Schretz took up the baton and pointed to a map on the wall:

"Your Highness, the Croatian legion under Governor Josip Jelačić, has now arrived at Lake Balaton and conquered Balatonkelestur;

The Austrian corps, led by General Albrecht, was attacking Fort Kopp;

The Bohemian Corps, led by General Julius, had just defeated the Hungarian People's Army and was now less than a hundred kilometers from Budapest;

The Transylvanian Corps under General Venguigre was still in Debrecen at this time because of transportation.

In general, so far, the counterinsurgency war is going very well. The Bohemian Legion had an army of 100,000 men, and if it went well, it could launch the siege of Budapest at the day after tomorrow. ”

He had reasons for pride, and the war was fought under his leadership. Of course, because of the relationship between the communications of this era, in fact, the War Department was only formulating a strategy.

How to fight specifically, now it is still a real general, and the military order is not subject to it.

Prince Wendy Schretz's military prowess was, Franz did not rush to conclusions, although he had historically lost in suppressing the Hungarian rebellion, but the battle plan he had now made was still feasible.

"The battle plan for the attack on Budapest is postponed, and it is enough for General Julius to suppress the enemy, and wait for the Austrian corps to join them before attacking!"

Don't look at the Hungarian rebels and bullies, historically, the Austrian army overturned at the last moment, and finally turned to the Russians to help deal with the aftermath.

At least the most combat-ready student army in the Republic of Hungary, which has not yet appeared on the battlefield.

Franz also did not know what the popular mood of the people of the Republic of Hungary was now, and if the people fully supported this government, then Budapest would be a Shura field.

"Your Highness, the rebels are a rabble, and in a week at most, we can conquer Budapest and suppress this rebellion!"

Prince Wendy Schgretz said excitedly, as if accusing Franz of indiscriminately meddling in military affairs and delaying the warplane.

Franz calmly explained: "Your Excellency, the military is for politics, and war is only a means, not an end. ”