Make France Great Again

Facing the banks that fell one after another like dominoes, James Buchanan, then the fifteenth president of the United States of America, also couldn't sit still.

As president, he never expected that within eight months of taking over as president, food prices and stocks would fall, and banks and factories would go bankrupt in the United States of America.

The continuous bad news is like a bolt from the blue for him, the latest president. He originally wanted to serve for eight years, but now he no longer has extravagant expectations. He only hopes that the government can transition smoothly during his term. So that he will not be infamy after his term ends.

However, in terms of the current economic situation, the possibility of James Cannan not leaving a bad reputation is really low.

In order to save the declining economy, James Buchanan sent people to the British Embassy overnight regardless of his old age (Buchanan was 66 years old). Now he pinned all his hopes of saving the economy on British aid.

As a result, the sleeping British ambassador was directly awakened by the messenger sent by James Buchanan.

After the envoy explained his purpose, the British Ambassador to the United States had to reluctantly follow Ambassador James Buchanan to the White House.

The British ambassador who met with President James Buchanan after arriving at the White House bowed to James Buchanan in a modest manner, and then said: "Mr. President, I wonder if there is something urgent when you called me here late at night? "

James Buchanan immediately begged the Kingdom of Britain to lend a helping hand to the United States. If the economy of the United States of America continued like this, sooner or later it would face the risk of overall collapse.

In response to James Buchanan's request, the British ambassador humbly stated that he was just an ordinary ambassador and had no other rights.

If the United States of America wants to borrow money, it should communicate with the British bank in Washington. As long as the bank agrees to the loan request of the United States of America, the United States of America can borrow the amount they want.

Faced with the satisfactory response from the British Ambassador, James Buchanan showed a wry smile.

If it is true that money can be borrowed at the commercial level, then why would Buchanan invite the British Ambassador here to talk.

"Mr. Ambassador, a lot of things have happened in the United States of America recently, which has led to the bankruptcy of some banks and factories!" James Buchanan tried his best to minimize the harm caused now, and then exaggerated the harm in the future. Liao said: "If the world is not saved in time, more banks and companies will go bankrupt in the United States of America.

By then, it is bound to be possible that the Kingdom of Britain will be implicated. "

After hearing this, the British Ambassador responded coldly: "Your Excellency, even if the economy of the United States of America may affect the Kingdom of Britain, that is a matter of the future!

Now I just see factories and banks in the United States of America falling one after another, and they are falling far faster than they were built!

Even if I am willing to connect you, but under such circumstances, which bank is willing to lend you money! "

"We can issue national debt!" James Buchanan proposed a solution. He wanted to raise part of the money by issuing national debt, and then put this part of the money into the market of the United States of America.

At this time, James Buchanan believed that as long as they could curb the economic decline, the market in the United States of America would be able to regain confidence.

At that time, there will be a large-scale influx of overseas investment.

Of course, this is just James Buchanan's wishful thinking. The economic crisis cannot be solved so easily.

Even Roosevelt's New Deal, which provided food for work in later generations, only temporarily postponed the economic crisis.

"Your Excellency, issuing national bonds is indeed a good idea!" The British Ambassador nodded and admitted, then continued, "However, are you sure that your proposal will be accepted by the Senate?

Would those members of the Senate...especially those from the South really agree? "

James Buchanan's expression froze and his eyes darkened.

The British ambassador was right. His proposal to issue a national debt looked good, but those southern congressmen would never agree with their policy.

James Buchanan's policy amounted to borrowing Southern money to satisfy the needs of Northern industrial capitalists.

Because the bank's largest loan recipients were not slave owners, but factory owners.

Although the profits from land output are stable, they are far less than the profits from factories. Most banks like to lend money to factories.

What's more, a crisis caused by falling food prices also occurred in the southern region some time ago. At that time, there were also proposals to subsidize the injured slave owners in the south, but they were still rejected by northern legislators.

Nowadays, the situation has changed, and it is still reasonable for southern legislators to veto the proposals of northern legislators.

"Mr. Ambassador, thank you for coming over here!" James Buchanan said to the British Ambassador with a slightly disappointed tone.

The British ambassador bowed to James Buchanan and responded: "Your Excellency, this is nothing!

I also hope that the crisis in your country can be resolved as soon as possible. As you just said, this crisis is not only a crisis for the United States of America, but also a crisis for the Kingdom of Britain and even the entire Europe! "

After the British ambassador left, James Buchanan paced back and forth several times.

After careful consideration, James Buchanan still wanted to try to issue government bonds.

Immediately afterwards, James Buchanan found the Minister of Finance and asked him about many matters regarding the issuance of national debt.

The Secretary of the Treasury told James Buchanan that the Treasury Department could not issue Treasury bonds without authorization from both houses of Congress.

"Are we going to watch the economy of the United States decline step by step?" James Buchanan said to the Secretary of the Treasury with a hint of sadness.

"Your Excellency, I'm sorry! There's nothing we can do!" The Finance Minister also sighed and responded to James Buchanan.

"I know!" James Buchanan waved his hand in despair, "Thank you for your trip!"

Among the 63 banks in New York City, 62 more banks announced the suspension of the system, and they once raised the discount rate to a daunting 65%.

Such a discount rate is no different than bankruptcy.

Almost every day you can see impoverished gentlemen leaping from tall buildings.

The economic decline caused residents of the United States of America to become increasingly dissatisfied with the James Buchanan government. While the government's prestige began to decline, the contradiction between the North and the South became increasingly irreconcilable.

Northern members of Parliament blamed southern members for causing the economic crisis. The reason they gave was that southern members had always voted against raising tariffs, which allowed British goods to be shipped without obstruction. entered the market of the United States of America, triggering this economic crisis.

When faced with the accusations from northern MPs, the southern MPs would naturally not admit that it was their fault. They also accused the northern MPs that it was precisely because of their uncontrolled production that this economic crisis occurred. The British Kingdom's goods entered The market in the United States of America is nothing more than a trigger.

While members of the North and the South were quarreling in Congress, newspapers in slave states and free states also began to smear each other.

The free states angrily accused the slave states of engaging in feudalism in the United States, and the slave states angrily accused the free states of careless control of human life.

Both groups of newspapers showed each other's bad looks, and many originally neutral people also began to become radicalized under the influence of the newspapers.

As a result, some slightly abolitionists began to take action.

Abolitionists, represented by John Brown, began to plan an uprising aimed at liberating slaves in slave states.

After he told the plan of the uprising to those who had a grudge against the securities of the slave states and those who deliberately instigated conflicts between the North and the South, he immediately received generous donations from them, the largest of which was a Frenchman. Abolitionist.

He alone provided John Brown with $50,000 in funding and nearly a hundred guns.

Please bookmark this site: 123 Reading Pen Mobile Version:

"Click here to report an error" "Add bookmark"