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Now reading: Chapter 124: The Looming Economic Crisis from Empire Rise: Spain, a Historical novel by 疯艺炯龙Mad Artistic Jionglong.

After this economic crisis, the industry and economy of various countries will be sluggish for a period of ti, and this period is also a good opportunity for Spain’s industry and economy to catch up.

Who to catch up with? In fact, Spain’s industry is currently at a diocre level.

Catching up with the great powers is sowhat difficult, and comparing downward with countries like Belgium and the Netherlands gives so advantage, making it difficult to choose a target to catch up with.

But as the saying goes, slogans are shouted out; whether they can catch up or not is not important—what matters is shouting the slogan.

Setting a relatively difficult goal for the Spanish people can also unite them as one, striving together for this goal.

Before the economic crisis broke out, the securities trading markets in Europe and Arica had a period of prosperity.

Carlo naturally would not miss this opportunity; this period of prosperity is also a great ti for the royal family to make money.

The prosperity period is still quite long. If following historical developnt, this prosperity period will last at least another year or more.

During this ti, any company registered and listed on the stock exchange can make a fortune.

Any enterprise related to railways and industry can easily borrow large amounts of funds from banks for construction.

During this ti, many countries did not have a national bank to manage the banking industry; basically, it relied on private banks to issue national debt.

Although this also promoted economic prosperity, this prosperity was too free and undisciplined, clearly not under the control of various countries’ governnts.

The economic crisis erupted amid this uncontrolled rapid developnt of the economy and industry, and similarly, because the national power was hard to control in the early stage, the impact was relatively severe.

The reason the Spanish National Bank was established so early was precisely to control the developnt of Spain’s economy in a tily manner, allowing Spain to avoid the impact of the economic crisis as much as possible.

Of course, completely avoiding it is impossible. But every bit of reduced impact increases Spain’s chances of becoming powerful.

After all, economic crises are unavoidable for every country. When other countries are suffering from the economic crisis, if Spain can still develop steadily, the gap will be further narrowed.

Since entering 1872, Carlo had people enter the London Stock Exchange and the Vienna Stock Exchange to purchase large quantities of stocks of those newly registered companies.

In the stage of economic prosperity, the value of these stocks will maintain relatively stable growth. Basically, as long as you buy them, you won’t lose money; this is also the reason why nurous capitals are frantically pouring in.

Of course, it is precisely this frenzy that accelerated the outbreak of the economic crisis. To ensure that the royal family’s money can safely withdraw from the stock exchange, Carlo instructed the Royal Security Intelligence Bureau to investigate the situation in the United States and European countries.

As soon as the industry and railway construction in various countries enter a stagnation phase, whether due to accidents or precursors to the economic crisis outbreak, the royal family’s capital must withdraw from the major stock exchanges in Europe.

Although temporary withdrawal may lead to reduced inco, it is still better than having that money rot in the stock exchange after the economic crisis erupts.

It is worth ntioning that after the alliance treaty was signed between Spain and the Austro-Hungarian Empire, Spain not only welcod so capital from Austria but also many immigrants from the Austro-Hungarian Empire.

No matter what, the Austro-Hungarian Empire is a populous country in Europe. In 1872, the population of the Austro-Hungarian Empire had broken through 37 million, which is more than twice the total Spanish population.

Although the relatively stable environnt has allowed Spain’s population growth to make so progress compared to Queen Isabella’s reign, limited by the small total population scale, Spain’s total population is currently around 9 million.

After welcoming certain Italian and Austro-Hungarian Empire immigrants, it is expected that Spain’s future population growth will improve.

However, to see Spain’s population break through 20 million, it may take at least more than a decade.

Currently, the Spanish governnt does not have plans for large-scale introduction of immigrants; the introduced immigrants are mostly technical talent, including talent in education and dical treatnt.

This is also unavoidable. Spain is originally a multi-ethnic country; introducing more people from other ethnic groups would definitely affect Spain’s stability.

Although Spaniards make up the majority of Spain’s total population, Spaniards are also composed of Castilians and Aragonese.

Before fully assimilating Catalans and Basque people, Spain will not engage in large-scale immigration.

Of course, excluding the populations from those forr Spanish colonies in Latin Arica. Those people theoretically also have Spanish bloodlines; they speak the Spanish language and are more easily assimilated into Spaniards.

Among the immigrants Spain currently obtains each year, more than 30% co from Italy, nearly 20% from the Austro-Hungarian Empire. In addition, about 30% co from other European regions, and only 20% of immigrants co from forr colonies in Latin Arica.

Although the colonies in Latin Arica have all beco independent, it is still very necessary to maintain good relations with these already independent Arican countries.

Spain has a natural advantage among these countries; these countries are innately closer to Spain. Carlo’s goal is not to turn these countries back into colonies, but through cooperation with these countries, to expand more markets for the future industrialized Spain.

As long as Spain’s influence in these Arican countries remains, Spain is still the third colonial power next only to Britain and France.

This is also the reason why the United States launched the Spanish-Arican War in history. Although Spain lost most of its colonies in Arica, this does not an that Spain’s influence has disappeared.

Arica’s dream is to build the entire Arica as Arica’s backyard, so it is naturally impossible to allow a country like Spain with considerable influence to stand behind South Arican countries.

However, Carlo will not give the United States so many opportunities. After Spain becos powerful in the future, it will not fear threats from Aricans.

If Aricans dare to challenge Spain’s status, Carlo wouldn’t mind using Aricans to re-demonstrate Spain’s power.

Spain’s weakness is relative; current Spain is not a weak country, let alone Spain after completing reforms and building an even stronger industry and economy.

Carlo is confident that Spain can regain great power-level military strength within 10 years and return to the seat of the great powers within 20 years.

There are still 40 years until the outbreak of World War I; by the ti World War I breaks out in this world, Spain may have grown into a top great power next only to Britain, France, and Germany, and will naturally have the qualification to play on the world chessboard.

Second update, seeking support!

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