The next day, Hirofumi Ito held another cabinet meeting, proposing to compromise and reconcile with East China **, and put pressure on the UK to regain customs control.

After some discussion, the cabinet basically reached an agreement, and even the Navy and the Army had no objection to this. After all, Japan in this era has not reached the point where the whole nation is crazy. The senior and elites can still maintain their rationality. Moreover, this plan can force Britain to return Japan's customs rights, which can be considered a loss and a muddle of gain.

At this time, the Japanese military was not blindly tough and belligerent. Moreover, the navy and army themselves also had weaknesses. This loss was revealed by the army, but the army was unable to make up for it. The navy was also unable to solve the threat of the fleet in East China, so it could only choose to compromise. At the same time, Hirofumi Ito communicated with Akito Yama Prefecture in private, saying that after the crisis was resolved, he would resign as prime minister and fulfill his previous promises and support the military's candidates to take over as prime minister. This also made Akito Yama Prefecture think that this suggestion was acceptable and of course it would not be disturbed. Of course, Akito Yama Prefecture would not have thought that Hirofumi Ito's real purpose was to let the Navy personnel take over as prime minister.

Seeing that the members of the cabinet had no objections, Hirofumi Ito also breathed a sigh of relief. It seemed that he could get away with it this time. So he sent a visit to Qingdao to Qingdao through the Japanese Consul in Qingdao, Sodaro Abe, to deal with the crisis between the two sides. Of course, he also admitted that the person responsible for this crisis was Japan.

However, when Japanese Consul Abe Sotaro, the Consul in Qingdao, submitted the diplomatic document to Foreign Affairs Commissioner Li Sanjie, Li Sanjie had received a diplomatic letter of intention to visit Qingdao three days ago.

This diplomatic letter was sent by the US Consulate in Qingdao, with the content of US Secretary of State Elihuroot intends to visit East China ** to negotiate with the two sides to strengthen economic and trade cooperation and friendly cooperation.

In fact, the United States' plan to visit East China has a long history. In early 1907, the Far East War was not completely over. President Ossido Roosevelt was planning to visit East China. On the one hand, because East China had a stable victory at that time, after the end of the Far East War, the geopolitical pattern in the Far East would undergo major changes, and East China would inevitably become a powerful force. The United States has major interests in the Far East, so naturally it would have to readjust its Far East strategy and deal with its relationship with East China.

At the same time, Roosevelt's eyes looked longer-term. Considering that after the end of the Far East War, the trend of East China unification of the entire China was almost inevitable. Once East China completed national reunification, the pattern of the whole world will undergo tremendous changes and have the potential to become a world power. Therefore, it is necessary for the United States to make comprehensive considerations and take into account the short-term and long-term relationship with East China. At the same time, it is also necessary to strengthen exchanges and communication with East China and understand East China's plans and ideas, so that it can better deal with East China.

During the Puttsmouth negotiations, East China ** held an intentional investment promotion in the United States, because after East China ** occupied the Northeast region, there will be a large amount of infrastructure construction, requiring the introduction of a large amount of technology and investment, and reached an intentional agreement with many American companies. Although the Puttsmouth negotiations failed, East China ** ultimately gained much more benefits than the requirements required during the Puttsmouth negotiations. Therefore, many American business owners also hope to invest and start businesses in East China **. Although before the Far East War, the United States and East China ** had reached an economic and trade agreement, it was obviously not enough to expand the economic and trade relations between the two sides, and it was required that the two sides further strengthen political exchanges.

However, after the end of the Far East War, the sentiment of hostility towards East China in the United States also rose. On the one hand, the American and Japanese overseas Chinese deliberately promoted it. There were many Japanese overseas Chinese who settled in the United States and naturally had a strong sense of identity with Japan. If East China defeated Japan, they would definitely not have a good impression. In addition, the Japanese and Japanese were deliberately guided, so they became an important force in opposing East China in the United States.

On the other hand, based on actual interests, the United States has huge political and economic interests in the Far East, and of course it would not hope that this region would have a powerful force. At the same time, after the end of the Far East War, East China won all the territory of Borneo in negotiations with Britain and the Netherlands. The United States' colony in Asia was located between Borneo and mainland China. It can be said that it is extremely unfavorable in terms of geographical environment. Moreover, the Philippines still has a large number of Chinese people. After the East China ** obtained Borneo, no one could guarantee whether it would have ambitions for the Philippines. The Philippines is an important tool for the United States in the Far East and must not be missed. Therefore, many American officials, who are soldiers, demanded that the East China ** use the East China ** as an imaginary enemy, expand the army, prepare for war, and oppose the development of friendly relations with the East China **.

President Roosevelt was also undecided and had to temporarily postpone the visit. However, something big happened when this delay occurred. In June 1907, an economic crisis broke out in the United States.

This economic crisis started with the financial industry. Since the end of the 19th century, the US economy showed a booming momentum, with strong investment and stocks soaring, and the demand for capital in the entire society increased greatly. Therefore, a large amount of European capital poured into the United States to fund entrepreneurship by providing short-term credit, which gave birth to a new financial institution - a trust investment company. After a large number of companies obtained investment, they were not used to expand production, and they converted to stocks, and used fake accounts and deception methods to swell stocks and make huge profits. After all, listing stock trading can make much money than honestly running a business, and production is much faster.

Of course, after the trust investment company issued an investment, it was eager to recover its capital, so it also supported the companies that received the investment to go public and trade stocks. At the same time, it also participated in the stock trading, which made the financial bubble bigger and bigger. Due to the lack of supervision in the US financial market at this time, trust companies could over-abuse social funds without restrictions and invest in high-risk and high-return industries, such as the stock market and bond market. Taking New York City as an example, in 1906, about half of the bank loans were invested by trust companies on the stock market and bonds.

Around the 20th century, the Boer War and the Far East War broke out one after another. In order to make up for the huge losses caused by the war, central banks in various European countries generally raised interest rates, which led to a large amount of gold capital returning to Europe from the United States, and the US financial market began to lack funds, and the signs of crisis began to appear.

In April 1906, a major earthquake occurred in San Francisco, USA, causing serious damage, so a large amount of funds were invested in the reconstruction of San Francisco. Even New York, as the financial center of the United States, had a cash crisis, and an economic crisis was imminent. However, due to the lack of corresponding institutional management, investment, listing, and speculation still remained unabated.

Finally, in June 1907, the crisis came. First, the failure of the bond issuance in New York City, causing turmoil in the entire financial market; then bad news came one after another, in July, the copper trading market collapsed; in August, Rockefeller's Mobil Oil Company was fined $29 million for fake accounts; by September, the stock market had fallen by nearly a quarter; in October, the third largest trust and investment company in the United States, Nick Burke Trust and Investment Company, was expelled from the crisis of breaking the capital chain.

As a result, various rumors and bad news quickly spread throughout New York City like a virus, and quickly spread to other major cities in the United States, Chicago, Detroit, Houston, Los Angeles and other places. Citizens queuing in line at the doors of various trust companies all night to withdraw their deposits; the Dow Jones Industrial Index reached 57.56 points at the lowest level, nearly 45% from the historical high of 103 points. By mid-October, the stock market was almost suspended; eight New York banks and trust companies involved in copper mine stock speculation, including Nick Burke Trust Investment, declared bankruptcy one after another within 4 days, with the number of unemployed people exceeding 3 million, and it is still expanding further.

Starting from September, the economic crisis began to spread out. Major European developed countries such as the United Kingdom, France, and Germany all experienced stock declines, production declines, and unemployment increased. A huge economic crisis officially arrived.

Under the blow of this economic crisis, Germany, Britain, France and other countries have tried their best to expand their overseas markets and dump goods in order to overcome such a crisis. Britain and France have huge overseas colonies, and Germany is the first to sign a new economic and trade agreement with East China after the Far East War to deepen relations and deepen cooperation. After all, East China is now a huge market with a population of nearly 100 million. At the same time, in the Far East War, it also received huge compensation, with strong purchasing power, which is enough to survive this economic crisis.

There are not many overseas colonies in the United States. Although they have absolute dominance in Latin America, the economies of Latin American countries are relatively backward and basically cannot help the United States. Therefore, the situation forces the United States not to seriously consider deepening economic and trade cooperation with East China **.

However, Roosevelt was a politician with strategic vision. Although the United States needs to deepen economic and trade cooperation with East China, it cannot ignore the threat of East China. It also shows the whole world that the United States is not only economically developed, rich in countries, but also strong force. Therefore, Roosevelt decided to conduct a global sailing with 16 battleships of the U.S. Navy Atlantic Fleet to conduct a global navigation, showing to the world that the United States also has first-class naval power. It can implement its own foreign policy globally through naval guns, and safeguard the national rights and interests of the United States, in short, this is a pure show of force. Of course, the reason given by the United States is still quite high-sounding: through navigation visits, promoting friendly relations with countries along the way, and strengthening naval voyage training.
Chapter completed!