Chapter 481 National Bank Closure
Why it was announced later was mainly because some specific details had not been settled. For Sheffield, it was the construction of Dreadnought-class battleships at the San Francisco Shipyard. His original Houston Shipyard was just the bottom layer of the naval supply chain. San Francisco
The shipyard's capabilities are slightly stronger, but they are still in the middle of the pack.
If you want to use your current technical experience to seize orders from the Navy, there are only two ways. The first is to take advantage of this crisis to acquire some shipyards to make its shipbuilding industry stronger.
However, this approach is far from quenching the immediate thirst. While Sheffield is merging and acquiring, it also needs the federal government to take care of San Francisco's losses due to the earthquake, and slightly tilt its defense efforts towards the West Coast.
For Roosevelt, this request was rather excessive, because he felt that the strength of the San Francisco Shipyard to launch the Dreadnought-class was still slightly insufficient, and he did not want to give in easily.
"Everyone's materials are made of steel, and their workmanship is similar. Why can't you give me an order for two ships?" Sheffield said very dissatisfied, "The development of national defense requires constant financial support. I now suspect that Mr. President is biased against the citizens of the West Coast.
"
Why doesn't it work? Why doesn't it work? Sheffield thinks this is the president engaging in regional discrimination. Although the biggest regional discriminator is Sheffield, this is not contradictory. Slave owners have regional discrimination, so why can't there be a president?
The concept of the new battleship is that under the condition of improving accuracy, a larger number of large-caliber artillery salvos can effectively hit targets in long-distance naval battles. The characteristics of the dreadnought can be summarized as the elimination of the attack weapons on previous battleships.
The secondary main gun is equipped with a main gun of the same caliber and a unified model. It only retains the small-caliber secondary gun used to defend light warships and uses a high-power steam turbine for power.
What's so difficult about this? At worst, just copy the British. Can the British still come here to collect intellectual property fees? The so-called lack of experience at the San Francisco Shipyard is nonsense. You will know if it is built, and then
It's not that it can't be used.
"That's a weapon used by navy soldiers. What do you mean it doesn't mean it can't be used?" Roosevelt gritted his teeth and said, "Why should I believe that you have this ability?"
"Other shipyards can produce defective products, but my shipyard can't?" Sheffield said with a tough attitude, "If you don't give orders, I won't save the market. I will continue to lay off people and spread panic."
"Mr. President, only when we have money can we better help others. This is the trickle-down effect." Little Morgan came out to smooth things over at this time, "William's idea is not wrong, and it is also for the development of the United States Navy."
Little Morgan came out to help, mainly because Sheffield made concessions on the railway system and allocated a share of capital injection on the equity issue of Tennessee Steel and Coal Company. In this way, the future structure of the steel industry will be that the three largest steel companies in the country will
Company, one and a half for each party.
Furthermore, the order for a battleship was only three to four million U.S. dollars, and the total amount was only seven or eight million U.S. dollars, which was not a lot of money. It would be too stingy for Roosevelt to cause trouble for the three of him because of this.
And look at Sheffield's preparations. Isn't the parameter material that came out very similar? The standard displacement is 20,400 tons, the full load displacement is 2,200 tons, and the entire warship is 168 meters long.
, with a width of 27 meters and a draft of 8.5 meters. The power part is equipped with a three-expansion steam boiler. The maximum output of the new steam engine can reach 23,000 horsepower, allowing the Dragon-class dreadnought battleship to reach a maximum speed of 21.
The battleship waterline armor is 240 mm to 333 mm, the deck armor is 35 mm to 80 mm, the main gun turret armor is 360 mm, and the cabin partition armor is 18 mm to 260 mm.
The command tower has an armor of 360 mm. It is equipped with four twin-mounted 305 mm main guns with a caliber of 45 times and three torpedo tubes.
As long as it is unsinkable, doesn't it achieve its goal? When did the great naval officers and soldiers of the United States become so pretentious and unable to overcome difficulties?
"This requires the approval of professionals from the Navy Department." As a president, Roosevelt had all the basic tools of a politician and had to follow procedures or use drag-and-drop tactics.
"The rubber stamps of the Navy Department don't count. Only the ignorant ordinary people take them seriously." Sheffield chuckled and said, "From this point of view, Mr. President, you have already overstepped your authority and emptied the Navy Department.
You don't follow the rules yourself, but you want to push the Navy Department out of the way? The Navy Department is really unlucky to meet a president like you."
When he was the Deputy Secretary of the Navy, he left the Secretary of the Navy with nothing to do every day. Now that Roosevelt is the President, he actually asked Sheffield to go to the Navy Department. It is simply an insult to the slave owner's intelligence. It is intolerable.
Tolerate.
The order for two battleships has a negligible impact in terms of money. The reason why Roosevelt is unwilling is simply because it is related to his own dream of building a large navy. Now this dream may be tainted by evil big companies, so
For a while, President Roosevelt couldn't stand it.
But after figuring it out, it was fine. In the end, Sheffield succeeded in achieving his goal and happily obtained the naval order. Once the order was obtained, it could only mean one thing. Even a famous president like Roosevelt knew that
The importance of handling special issues is not pedantic at all.
The three Sheffields held a final discussion, mainly to see if they could still dig out residual value from the federal government. With Roosevelt full of resentment, they ended this discussion because they really couldn't find it.
On the twentieth day of the financial crisis, the White House officially announced that banks across the country would be closed for fifteen days to allow panicked citizens to calm down. At the same time, the rescue plan had been communicated, and the federal government would invest $30 million, and
Big entrepreneurs with a strong sense of social responsibility jointly launched a rescue effort.
The three Sheffields left Washington and rushed to New York to save the stock market that had been cut in half. This should not be a problem. The stock market cut in half seemed serious, but it was not such a terrible thing, at least in Sheffield's eyes. A cut in half was so worth fearing.
What? Where did you put the Great Depression twenty years later?
During the Great Depression, the New York stock market fell for three consecutive years, evaporating 90% of the market value of the stock market. A stock worth 20,000 yuan three years ago was worth less than 2,000 yuan three years later. This was a blue chip stock. For three years, it hung over the heads of the citizens of the United States.
The dark clouds caused the United States to have its first population resettlement since its founding, and the destination of the resettlement was the Soviet Union.
Compared with the Great Depression twenty years later, the current problem is actually not very serious. After the three arrived in New York, in front of the gate of the Morgan Building, the three of them stood side by side in front of the reporters swarming in, leaving behind a
It was a photo that could be called a classic. Of course, I still had to say some words of comfort. As the host, little Morgan opened his mouth and described the cause of the financial crisis in a neutral tone. It was indeed caused by some unruly bankers. Now
There is no point debating who is more responsible, the federal government or the bankers.
This is to put fifty pieces on each side, because everyone is wrong. The previous line is that since everyone is wrong, then everyone is right. "Before this crisis broke out, the bubble in the stock market had already begun."
It was quite serious, but my judgment at that time was that although the decline of the stock market was inevitable, such an avalanche was still abnormal. If someone had not deliberately created a crisis, it would not have happened. The main reason was that the financial threshold was too high.
The low level and the chaos of small and medium-sized banks have led to the occurrence of this financial crisis. Financial institutions in the future will inevitably be subject to more stringent supervision."
"There are many junk bonds in the securities market, and some financial institutions outside of supervision are to blame. The three of us have begun to identify the bonds among them, so that the truly viable bonds can appear in front of everyone." Xiao Xiao
Rockefeller stopped short of saying, "That's it for now."
"I don't know anything about the financial industry, I'm just here to help!" Sheffield certainly refused to say nice things. Next to the two actors, he had to portray a more honest and honest image, "United Bank is my bank, as everyone knows
, it can’t do anything except deposits and withdrawals. It’s a bit difficult for me to explain the reasons for this financial crisis, but I am very willing to do something useful after receiving the invitation.”
The slave owner instantly forgot who proposed shock therapy, and no reporter asked this question. This is a country ruled by law, and you must be responsible when speaking. Does the slave owner know which newspaper reporter you are?
After the three people expressed their opinions, the scene immediately recalled the thunderous applause. All reporters and representatives of financial institutions applauded with great enthusiasm. Then, under everyone's gaze, they entered the Morgan Building and wanted to follow.
Idle people were kept outside by the bodyguards and were not allowed to enter.
On October 31, President Roosevelt formally approved it in Congress and issued an order in the name of the federal government. All banks in the country were closed for fifteen days and could not open during this period. Violators would be severely punished by law.
The three people at Morgan Tower appealed through various media, and bank owners across the country brought all the bonds and stocks of the bank to Morgan Tower for evaluation.
"We have expressed the greatest goodwill. If these small and medium-sized banks are smart, they will quickly come over with the most valuable part of their wealth and let us see what is worth buying." Little Morgan poured a cup for each of the two guests.
Chapter completed!