God of Rebirth Trader
Chapter 140 American Rich
After World War II, the island nation's economy was in devastation and its land was in ruins.
At that time, many people in the world believed that this country was finished and would never recover.
However, it depends on domestic reforms and the good international economic and financial environment at that time.
After recovering in the late 1940s and early 1950s, the island nation finally fully recovered all economic indicators in 1955 and exceeded pre-war levels.
Time enters the 1970s.
The economy of island countries is facing external shocks. The collapse of the Bretton Woods system has led to the appreciation of the yen and reduced the competitiveness of exports of island countries.
The two oil crises in 1973 and 1979 severely affected the development and operation of the island country's economy.
However, the island country has shown amazing adaptability in this unfavorable international environment and successfully escaped the stagflation trap.
Because a long time ago, the economy of the island country has begun to transform from an energy-consuming economy to an energy-saving economy.
To put it more simply, it means abandoning heavy industry and gradually moving towards high technology.
Because they had long anticipated that an oil crisis would occur, they made great efforts in advance to save fuel.
After the oil crisis broke out, oil prices soared, and American people began to control their spending and began to consider buying fuel-efficient cars. However, most American cars had large displacement and high fuel consumption engines, which could not compete with Japanese and German cars.
With the successful entry of "Made in Island Countries" into the European and American markets, the island countries' trade surplus with European and American countries has rapidly expanded.
A large number of cheap goods are imported into the United States, but the products produced in the United States cannot be sold because the prices are too high.
The prosperity of the export industry has enabled the island country's economy to develop by leaps and bounds, becoming the world's second largest economy after the United States.
At this time, the island country created a miracle in the world's economic history, and was extremely prosperous. It even once said that it would buy the entire United States.
However, history tells us that those who come out to hang out, have no hard power, and dare to be so arrogant must pay off their debts.
In 1985, under the leadership of the United States, West Germany, Britain and France forced the island nation to sign the "Plaza Agreement" at the Plaza Hotel in New York.
Since then, the yen has been forced to appreciate.
Over the next three years, the yen appreciated by more than 50%, shocking the entire world.
The rapid appreciation of the yen has directly caused the island country's export products to be blocked, resulting in a large number of unsalable products.
The situation that exports were blocked was something that the decision-makers of the island country expected, but they did not expect that things would develop so fast, and the magnitude and speed of appreciation greatly exceeded expectations.
In response to the domestic economic downturn, the island country authorities adopted expansionary financial policies to expand domestic demand.
Stimulated by various expansionary economic policies, the island country's enterprise equipment investment rate has been at a high level for several consecutive years.
However, a large amount of excess funds did not fully enter the production field, but pushed up the prices of stocks, real estate and other assets.
Land myths and stock market myths have caused the asset values of more families to rise, and the value of enterprises to rise. Excessive optimistic expectations have led to excessive consumption and excess investment.
This is how the largest economic bubble in the history of the island nation was formed.
Due to the long-term appreciation of the yen, export industries such as machinery, automobiles, and electronics have been suffering and have moved their industries overseas.
The hollowing out of the real economy of island countries has become increasingly apparent.
In 1992, the bubble economy of the island nation completely burst.
After the bubble economy burst, the real industry of island countries also suffered a major blow.
The channels for enterprises to obtain funds have been blocked.
As a result, for several consecutive years, the number of companies that closed down in the island country every year was more than 10,000.
The time goes back to 1998, a day in mid-September.
A luxury extended-length Lincoln car, followed by a Mercedes-Benz, was speeding towards the southwest of the island country.
The destination is a large machinery factory in Shimane Prefecture.
The economy is in recession, and as it is located in a suburb, the roads along the way have not been repaired for a long time.
After several hours of bumpy driving, the two cars finally stopped at the entrance of the factory.
The security guard in the guard room looked at the two luxury cars with envy.
They didn't know which rich man's car it was, so they didn't dare to neglect it and hurried forward to ask.
The automatic window of the driver's cab slowly lowered, revealing a face with a narrow face and a high nose. It was obvious that he was from the island country.
He spoke with a Kansai accent and said arrogantly: "Our boss is an American and wants to invest in Shimane Prefecture. I heard that you are the largest local machinery factory, so he stopped by to inspect it. If it is really good, he will
Buy this place!”
When the security guard heard that he was an American, he immediately stood in awe.
The security of the island nation relies entirely on the protection of American troops stationed in Okinawa.
For them, the United States is not only a powerful protective umbrella, but also a god-like existence in the hearts of many island countries, which the island countries cannot compete with.
He didn't dare hesitate at all, and immediately smiled to the car as if to please, regardless of whether the other party could see it or not.
If this American tycoon really buys the factory, wouldn't he become his subordinate?
It is necessary to give the other party a good impression.
soon.
The call from the security room went directly to the office of the president (equivalent to the general manager), which immediately caused a violent commotion.
During World War II, their factory was still a state-owned enterprise, but after the island nation's defeat and surrender, their factory was privatized and eventually taken over by private owners.
Later, due to the economic revitalization of the island country, the factory also experienced a glorious period, and various export orders were received.
But in recent years, the bubble economy has collapsed, and the island country's economy has been like a roller coaster, with ups and downs. Businesses are living like a year, and are getting worse and worse.
Their factory is still surviving and faces the risk of bankruptcy at any time.
At this time, I heard that a wealthy American was planning to buy the factory. Not to mention the factory owner, even the employees in the factory were all smiling.
After all, this means that their factory does not need to go bankrupt, and their job before retirement is saved.
The factory door opened, and thousands of employees lined up to welcome them. Lincoln cars and Mercedes-Benz cars slowly passed in front of them, receiving their warm welcome.
If this scene were covered with a red carpet, flowers, etc., it would be no different from welcoming state guests.
If it had been seven or eight years earlier, when their factory was at its most glorious, there would have been more than twice as many workers in the factory.
However, as the economic bubble burst, many workers were laid off. If the rich man had arrived two years later, the workers might have dismantled all the equipment in the factory and sold it.
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