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Chapter 470 Financial Crisis

For Sheffield, this was an unforgettable night. As Edith Rockefeller, it was a very big sacrifice to make such a sacrifice. It was not until the next morning that Sheffield woke up leisurely, carrying the

Edith Rockefeller, who was holding the handle, also woke up. Thinking of everything last night, Edith Rockefeller was very embarrassed. This was no longer related to a lady, she was simply a prostitute selling her body, but the other party was her man.

There is nothing unacceptable.

"Can you please let go of your hands first? What's wrong with this? Natalia also has this problem. She can't sleep without holding something in her hands. What do you do when you usually sleep by yourself?" Sheffield pointedly pointed out.

Open your mouth.

Edith Rockefeller then let go of her hand, but refused to admit her mistake and said, "I don't want to sleep with you. You are here. I just want to hold it and sleep, so that I feel safe."

What a beautiful day! Sheffield opened the curtains and looked out the window and muttered to himself. For Chicago, this kind of weather is rare, but it has become more and more common since the beginning of the year, indicating that heavy industry is reducing production. The stock market is slowly falling.

In fact, it is very consistent with the actual industrial situation and has relevance, but this is all temporary.

Members of the Black Gold Company have arrived in Chicago in the morning, and Jesra, who came from San Francisco, has also arrived. The project on the company side of the umbrella is temporarily left to others to take care of. He still prefers to work in a familiar field.

"What's going on in California? What are the banks and the public opinion saying?" While walking the dog in Sheffield, Jesra had just arrived at Edith Rockefeller's villa, and the slave owner happened to ask the head bodyguard.

"Almost all banks are facing a run, and many banks have collapsed. Public opinion in the Midwest believes that the greedy bankers on Wall Street are fighting among themselves, causing the situation to get out of control." Jesla said as she walked, "Mrs. Evelyn will unite

The gold shipped to Union Bank in Los Angeles from the mining industry was placed directly on the counter, which stopped the run on Union Bank. Therefore, the run did not spread to Union Bank. On the contrary, after Union Bank began to cut interest rates, depositors rushed to leave.

Come and make a deposit."

"Well, Evelin is also an interesting woman. Who would have thought that she turned out to be a train conductor." Sheffield loosened the leash and let Heibei play by himself, "It seems that we have gained a foothold in public opinion, and all the spearheads

They are all targeting Wall Street bankers, and the response from citizens is really gratifying. It seems that the banks don’t have to worry anymore, but the stock market is still in need. Of course, the current stock market situation is also very serious, but it is not yet a panic.”

It's different now than a hundred years ago. It doesn't matter whether the market is fuse or not. It's still calm and cool. If it doesn't plummet to one-third of its original value in one day, is it considered a stock market crash? It has to be cut in half to qualify.

This is what the leeks who entered the stock market deserve. First, a wave of market conditions will be created, making those speculative transactions super profitable. Then a lot of leeks will take out all their money. Are you stupid?

After attracting more investment, banks controlled by Wall Street began to open up loans to them. Then our people began to constantly remind them through the media that the market was at risk of getting out of control. However, this kind of reminder was of no use.

Isn't that what speculation is like? Now that it has evolved to the next stage, it needs some violent news. Otherwise, it will not be able to completely boil the panic in the hearts of investors. This requires not only releasing news, but also taking some real measures.

In actual practice, the steel industry has already reached a bottleneck at the beginning of the year, but everyone is gritting their teeth and persisting.

Of course, layoffs are a normal response to a crisis. Sheffield is not just releasing news, but is actually preparing to lay off employees. Now that Rockefeller Jr. has the support, it can take action.

The arrival of members of the Thousand Black Gold Company in Chicago gave the slave owners a little sense of security. Now that the slave owners felt safe, they should make others less safe.

"When you arrive, I can let go of the layoffs, and maybe the major steel mills will follow suit." Sheffield glanced at him, patted Jesla on the shoulder and said with high hopes, "At the critical moment, your own strength is stronger.

Trustworthy."

"Boss, your steel company's equipment leadership has laid a good foundation during the Carnegie era. Even you have to lay off employees, and other steel plants can't compete. Moreover, U.S. Steel was merged, and there are hundreds of steel plants below.

In the factory, as long as there is one person who can't help but follow, it will be the beginning of the dike bursting." Jesla understood her boss's thoughts very well.

"That's right. Compared to U.S. Steel, the relative concentration of equity and administration is our advantage." Sheffield nodded. "If a steel mill cannot survive, it will cause a chain reaction in Chicago alone."

If tens of thousands of people are unemployed, then the backbone of tens of thousands of families has fallen, so someone may cause trouble. This is exactly the purpose of your coming. Is there a problem!"

"Chicago is a big city after all!" Jesra also expressed his worries in front of his boss.

"We won't talk about things in big cities today! Think about the employees of your Black Gold Company. Most of the employees' fathers are soldiers killed by the Confederacy! A few of them are grandfathers." Sheffield sighed, "The Confederacy had four million people back then.

White citizens suffered a loss of 400,000 dead and wounded. Today, if the Yankees have a population of 50 million, at least 5 million would have to die to even the balance. Laying off tens of thousands of people would already be an advantage for them."

This round of layoffs was premeditated and was a very reasonable move under the cover of the financial crisis. We hope that the working class will show its spirit as the master of the country and not cause trouble to the real owner of the country, otherwise it will be treated as a problem and solved.

It was the layoffs, officially announced at Anne's in Arlington, that included miners in Arizona and New Mexico, followed by announcements from McHale Mining. Steelworkers at Carnegie Standard & Consolidated Steel Co. were expected to follow in the coming days.

There are also auto workers, construction workers in California, and all kinds of employees. It is estimated that more than 50,000 jobs will be affected.

It’s not necessarily true that so many people will be laid off, it’s just to let the news out first, but the miners in Arizona and New Mexico will definitely be laid off. The United Copper Mine has been owned by Sheffield. For the original Morse, Hein

The workers recruited by Ze were limited to Yangki people who were laid off.

If that were not enough, the Dixie people could not keep their jobs. Whether these workers could keep their jobs depended on whether the stock market would plummet to the slave owners' psychological expectations.

This is actually a standard class conflict, but Sheffield must first use the Yankees as victims to make this move more national and regional, because slave owners will not touch the real class issues and will just tease the class.

The problem is, maybe he will die without a burial place. Although he is ready to use the Seven Injury Fist, he is only ready to be injured, not to die.

News of the layoffs spread throughout the country through wireless telegraphs, telephones, newspapers, and everything else that could serve as a channel. Of course, it was claimed that it was because of the financial crisis, which put United's industry under tremendous pressure.

This is of course a lie. The financial crisis will spread to the real industry sooner or later, but not so quickly. It is just for the layoffs of joint companies and letting Wall Street take the blame for the crisis caused by it.

In less than an hour, the news spread to the exchange that the United Company was going to carry out layoffs involving various industries, especially steel workers who would bear the brunt of the layoffs. Little Rockefeller, who had been waiting for a long time, officially announced his decision after Morse continued to punch seven wounds for an hour.

Began to sell off its shares in steel companies.

Finally, at the beginning of the 20th century, steel stocks, which were responsible for the stock market kings, began to plummet. Little Rockefeller also joined the ranks of those who wanted to kill more, killing all the forces that wanted to buy the bottom.

Panic selling has begun, and U.S. Steel cannot survive alone. This steel company, which was merged and spliced ​​together by Morgan through financial means, has always appeared in the stock market as the two giants in the steel industry. It finally cannot hold on at this time. Someone is

Secretly selling U.S. Steel stock.

The stocks of the three major steel companies fell sharply at the same time. Countless people looked at the falling numbers. The stocks that no one took orders for were all motionless. Many stockholders and investors holding stocks fell to the ground.

God heard countless calls at this moment, hoping that He would appear once. The old man said that there were too many people praying and the signal was not good.

After the exchange closes today, many people are destined to go to the rooftop or buy a hemp rope to solve their miserable lives. I just don’t know if they still have the money to buy the hemp rope. If the price is 300%

, slave owners are very willing to sell a noose to strangle them.

Little Morgan, who was preparing to join forces with bankers to deal with the run, heard the news of a sharp fall in steel stocks from the stock market. He was stunned as if he had been struck by lightning. If there are a few people in the United States who understand the significance of steel stocks to the stock market, he must be one of them.

One, the problem on the bank's side has not yet been settled, and there was a stock market crash in the stock market. Little Morgan's mind was buzzing, and he didn't know how to deal with it.

Banks were being run, the stock market was plummeting, and even steel stocks were plummeting, with no one taking over. A financial crisis was inevitable.

The question of who to save or not was placed in front of little Morgan. This was a very painful multiple-choice question. He had never felt so painful in his life. Of course, little Morgan wanted to save both of them, but if he chose this way, he would
Chapter completed!
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