European Financial Emperor - European Financial Emperor chapter 236

236 Intensification of the American Civil War (2)

In the summer of 1846, as the American Civil War began in earnest, the epic of a fierce battle began.

The American heat battle literally resembled a blood clot.

“Two months into the war, 300,000 casualties have already occurred. At this rate, there is a good chance that American productivity will fall well below half.”

“Hmm… … . If so, is there a high possibility that the industrial goods that the people will eat and wear are also running out of stock?”

“In our opinion, there is a possibility that after about three months, the industrial products will fall and can no longer be sustained.”

“Are the factories in America not functioning properly?”

“First of all, there is the problem of manpower shortage, but whether it is from the South or the North, the United States has had a side to rely entirely on our Easterfield industrial products. That’s why I didn’t even think about industrial products at all and I was just clinging to the war.”

The decrease in the productive capacity of industrial products means that the competitiveness of the country itself is retreating.

No matter how dilemmas such as environmental pollution or market overheating are accompanied by an increase in productivity, in the end, national growth is impossible without an increase in productivity.

America was overlooking it.

“America made a mistake. either south or north Did that help the US dumping offensive a little?”

“no. Rather the opposite.”

“Hmm… … . Are you trying to offset the deterioration of the balance due to the war in this way?”

“The bill is also constantly changing into a structure that can make money, whether it’s dumping or whatever. It is said that even evil acts such as antitrust and antitrust are allowed.”

“You mean both?”

“The South is a little bit better, but they don’t seem to be any different.”

The longer the war, the greater the side effects like now.

Lee Hwan thought that the time would come to take another countermeasure.

“How is the overall production of our industrial products?”

“We are ranked first in the world in terms of production, and the price is mid-range and the quality is the best.”

Naturally, all industrial products produced now were based on Easterfield’s technology.

Therefore, no matter how much neighboring countries put their efforts into technological development, they cannot beat Easter Field.

“What about when the US trades with other countries in Europe?”

“Once the demand in Europe is increasing, the price is also going up. Here in the U.S. local distributors snatched the freight and fixed it, so the price has gone up even more.”

“Are you saying that in the end the only thing America will believe in is our Easterfield?”

“It’s unclear what will happen if we raise prices even a little bit more, but so far our Easterfield is an absolute haven for America.”

“First, we should inspect the trading port. Get ready.”

“Yes, my lord!”

Everything is told by the scene.

Even if you receive a report about the current situation, you cannot make a proper judgment without going to the site and seeing it.

Lee Hwan directly visited the site of the trade.

The western trading port ‘West Stellar Special Trade Zone’ has the largest amount of goods in and out of the world.

In Easterfield, there are certain items that must be imported and used, and the amount of subcontracting outsourced is also huge, so there is no choice but to increase the amount of imports.

Lee Hwan looks at the port with a telescope.

In his eyes, merchant ships with American marks came into view.

Taken from noblemtl.net

Most of them looked like they were leaving with their belongings, but the procession was quite long.

“The United States is already lining up to buy industrial products.”

“Isn’t it supposed to be stockpiling in case the price rises?”

“It’s a kiosk… … .”

“No matter how great our Easterfield’s production capacity is, their volume offensive is really great. It appears that the price of our industrial products has already risen by more than 3.5% due to the US hoarding.”

“Is America Accelerating Inflation?”

Having managed to prevent rapid inflation, I had no idea that such an absurd thing would happen in the United States.

Lee Hwan first looked at what the United States was mainly targeting.

“Bring the trade chart.”

“Yes, my lord!”

In his hand, a chart was handed out listing the main shipments from Easterfield.

The chart also included items from hygiene products such as soap and shampoo to heavy industry items such as steel and automobiles.

What stood out the most were food and childcare products such as milk powder, cheese, flour products, and meat products.

“You mean people stock up on food and drink and even milk powder?”

“Easterfield’s technological prowess in milk powder production is overwhelming. Not only that, but even adults consume protein powder, so the price increase for this part is not too much.”

“… … Are you saying that there will be no regulation at all?”

The problem of people’s livelihood can lead to more serious violence than expected.

If this leads to riots, the Civil War may not be the problem, but divisions and riots of its own.

Lee Hwan could not deny that the Civil War was heading in a more serious direction than he had expected.

“Sooner or later, we will have to think about how to isolate America through economic regulation. The war tends to intensify too much.”

“Shall we lead the economic meeting?”

“After the first meeting with only the top leaders, we decide to convene an additional second meeting with the advice of experts.”

***

A few days later, Easterfield’s economic meeting was convened.

Shortly thereafter, they introduced legislation to accelerate economic sanctions against the United States.

Thus, Easterfield’s economic delegation to the United States was dispatched.

They gathered in Texas to discuss economic policies and to agree on how to lead the economy in the future.

But the economic meeting showed no sign of consensus from the outset.

“… … Anti-dumping law?”

“Our Easterfield will impose a high tax rate in accordance with the Anti-Dumping Act without discussing the country of origin. Of course, if it is decided that we do not reach the dumping figures we set, we will pay normal taxes.”

“Oh my God, where is such a bill?”

“Dumping in the US is sometimes overdone. Let’s take a simple example, shall we? In the case of textiles, even though we borrow our American technology to make textiles, the price is less than 1/3. In our judgment, we can only explain that we rely on a profit that is less than 1% when we subtract labor costs and transportation costs. Clearly, this can be seen as a clouding of the industrial ecosystem. Therefore, we have no choice but to restore the ecosystem even by banning imports.”

What is the American view of anti-dumping laws?

They strongly objected that the bill would eventually become a killer pesticide.

“I don’t know what the difference is between setting the house on fire to catch fleas.”

“If there was only one flea, it would be very foolish. However, if the environment becomes unsustainable for humans and the house has to be abandoned anyway, there is no surer way than incineration.”

“… … They are people who can’t speak at all.”

“It doesn’t matter if it works or not. It is a matter of whether or not peace will come to our Americas in the future.”

“Hmm… … .”

“Anyway, what would you like to do with this problem?”

Both South and North America were not happy with Easterfield’s proposal.

They expressed their intention to break up very clearly.

“Even if we are at war, this is not the case. It doesn’t seem like this.”

“Then there is nothing you can do. I will report to your lord the failure of the negotiations.”

It seemed that peace on the American continent could no longer come.

There was one thing the United States was overlooking: the cost of war.

***

Six months had passed since the outbreak of the American Civil War.

Now winter passed through summer and into autumn, and the cost of war was rapidly increasing.

No matter how much American military contractors tried to make and distribute firearms, the cost and time required to develop firearms was a problem.

Because of this, I had no choice but to import Easterfield’s weapons, and the price was astronomical.

In addition, in a situation in which supplies, food, and even the salaries of soldiers had to be paid for carrying out the war, and the shortage of industrial products overlapped, the debt was bound to increase.

As such, debt is gradually increasing, but production has decreased sharply, so the extent of the deficit has become unsustainable.

“A war minister?”

“I think this deputy minister will definitely benefit Easterfield’s home country as well.”

Second Deputy Treasurer Jonathan Eyster first bit the cigar at the request of the Confederate Deputy Minister. He tended to answer everything vaguely.

Therefore, the Ministry of Finance unconditionally brought in Jonathan Eyster in a situation that seemed impossible to solve.

It was still the same today.

“A loan can be an advantage. But I know there are many more cases where this is not the case.”

“Until now, the United States has never been upset with a loan, has it?”

“Well, that’s what it is. We, the Treasury Department, always have to think of the worst-case scenario and have no choice but to schedule accordingly. Of course the same is true when it comes to financial planning or loan planning.”

“… … Does that mean that in the worst case scenario we won’t be able to pay off the loan?”

“To be honest, I don’t think we are in a position to give a loan even now.”

The Southern United States was fighting in a considerably poorer situation than the North.

Instead of the superiority of weapons or superiority of productivity, they tended to depend somewhat on the encouragement of war heroes and the mental strength of the soldiers.

But in the end, that encouragement and mental power can only be achieved when you have something to eat and drink.

For that reason, for the southern United States, the current loan was not just a measure to prolong the war, but a measure to feed people.

Despite knowing it well, the deputy minister could not easily leave.

After all, the Federal Bank of Easterfield had a duty to protect investors and depositors.

“We do not give loans to countries with uncertain financial conditions. Well, and to be honest, now that the United States is in the midst of a civil war, it is not even clear who is in charge of the state.”

“… … Then you can think of handing it over to the Military Command.”

Jonathan Eyster asked with a smirk.

“Then how about a simple loan instead of a loan?”

“A loan?”

“It’s convenient to think of it as a goddess that we give to companies.”

“… … Goddess.”

“Actually, why is it so difficult to get a loan? Ordinary loans can be secured as collateral, but national loans have no clear collateral, right? We are not, however, a scumbag that captures and enslaves all citizens.”

“Are you saying you want to take collateral after all?”

“That’s right. Bet on your liquid assets, or real estate if that doesn’t work.”