When the time entered 1934, the emperor was busy again. He clearly remembered that the United States was going to enact the "Silver Act" in May 1934. This was a very important opportunity to make a fortune. This guy who was obsessed with money

Would you let go of such an opportunity to make a fortune? The answer is of course no. Didn’t this guy start planning a long time ago? Yes, at this time, this guy has already put everything into place.

Some holes have been dug. After the time entered 1934, this guy always had a smile on his face that was familiar to people around him. People who were familiar with him knew who would be unlucky next, otherwise

The Great Emperor would not have such a smile. This smile must not be a small hole if it lasts for so long. The hole dug this time must be big enough. Otherwise, why would the Great Emperor's evil smile last so long?

When the "Silver Act" was promulgated, foreign speculators began to frantically collect silver dollars from all over the world, and China was of course their main target. They only remembered that this country used to use silver dollars as currency. But now this is China.

Empire, the silver dollar has begun to withdraw from circulation and has been replaced by the Chinese dollar, referred to as the Chinese dollar or the Chinese currency. The Central Plains should have been withdrawn long ago. This thing

Deliberately delaying the time gives the impression that the currency of the Central Plains, the silver dollar, is still in circulation. When these speculators came to China to collect silver, they found that the silver dollars here were already very scarce. Even if there were some, they were kept as collectibles.

It won't be sold. What's even more damning is that the price of silver here is already higher than the international price. Yes, the price of silver dollars is already very high, because they are collectibles.

Historically, most countries in the 19th century implemented the silver standard, but at the beginning of the 20th century, countries abandoned the silver standard and switched to the gold standard. Among the world's major powers in 1930, except for China, Mexico

and Spain are still on the silver standard

In addition, silver from other countries has become an ordinary commodity. This has led to a serious problem. Even if the Chinese monetary system uses the silver dollar as the main currency, it will inevitably be affected by the rise and fall of world silver prices and become unstable. As the largest user at the time

Silver Country, China’s annual silver production

It is not high. Once the international silver price fluctuates too sharply, it will inevitably seriously affect the stability of the country's currency value and the operation of the entire economy. For example, in the ten years before 1928, the international silver price was relatively stable, but after the world economic crisis, the silver price

Prices have fallen for four consecutive years.

It was against this background that speculators from various countries and banks in China in later generations purchased silver for speculation, amounting to nearly 300 million yuan. When these speculators woke up in this life, people had already taken advantage of this place.

Not even a mouthful of soup was left for them.

Of course, this does not trouble speculators, and they have begun to flock to several other countries that use silver. The amount of silver in circulation in Spain is not large, and the price is not low, but there are many foreign paper tickets. It seems that here

They were also caught first. There was no way, after all, silver dollars could still be purchased here, so some speculators stayed here. Others flocked to Mexico, where the situation was slightly better than here.

After the United States abandoned the gold standard, it promulgated the "Silver Act" (also known as the "Silver Acquisition Act") in May 1934. In order to raise prices, the American silver group lobbied President Roosevelt to pass a bill that condoned the activities of the silver group.

The purpose is to increase the price of silver and manipulate the world silver market through state-owned silver and purchase large quantities of silver at home and abroad. This move by the United States shows that

On the surface, it is to please domestic silver mining capitalists, but in essence it is to stimulate the purchasing power of silver-standard countries by raising silver prices, so as to help dump American surplus products to these countries and alleviate the economic crisis of their own countries, just like the United States in later generations.

President Hoover said: "The purchasing power of China and India depends on the price of silver, and they have now been affected."

After the "Silver Act" was promulgated, the silver market price in the United States responded quickly and soon exceeded 0.8 million yuan. The rise was astonishing, but this could not stop speculators from entering the market. The big consortiums and big bankers in the United States

, speculators and the U.S. Treasury Department are all buying frantically, and the trading volume has reached an astonishing level, pushing the price of silver in the U.S. market to more than one meter in one fell swoop. According to this trend, it will soon reach the limit stipulated in the "Silver Act"

upper limit.

The main content of the "Silver Acquisition Act" is to authorize the U.S. Treasury Department to purchase silver in domestic and foreign markets until the silver price reaches $1.29 per ounce or the value of the silver held by the Treasury Department reaches 1/3 of the gold reserves. During the acquisition process, the Treasury Department

The Ministry has broad discretion (

The more detailed content of the "Silver Acquisition Act" is as follows: Purpose: to increase the price of silver; to increase the value of silver as a currency reserve to 1/3 of the value of gold as a currency reserve; to issue silver certificates. Measures: The Ministry of Finance will determine whether it is beneficial to the United States

The public interest determines the purchase of white goods in domestic and foreign markets.

The timing and terms of silver; when the price of silver rises to 1.2929 yuan per ounce or the value of silver used as a currency reserve reaches 1/3 of the value of gold as a currency reserve, the acquisition of silver should be stopped. However, the acquisition has just begun.

The price has already been raised to one meter

As mentioned above, this situation makes the U.S. Treasury Department very embarrassed, because according to the first situation, the purchase of silver should be stopped when the upper limit is reached. According to this rising speed, I am afraid that not much silver can be purchased either domestically or abroad. However, as

You can’t have too few major currencies in reserve, right?

Among the many reasons given by the Silver Group to increase silver prices and promote the "Silver Acquisition Act," the "Chinese market" is also a very important topic. On the one hand, they believed that China was a large country that still used silver as currency at that time and had a large accumulation of silver.

, although the Chinese government demanded the abandonment of the silver standard in 1928, due to the resistance of China's domestic banks and the domestic habit of using silver as currency, China was the

It was the only major country at that time that actually still adhered to the silver standard, and it was also a country with a large population in the world. Raising the price of silver increased China's external purchasing power, opening up a broad market for American goods, and allowing it to sell off America's excess cars.

and wheat, which helped the United States get out of the economic crisis at that time. On the other hand, it is believed that raising the price of silver can hit China's industry and weaken the relationship between Chinese goods and American goods.

Because the low price of silver leads to low purchasing power in China, Chinese people can only buy cheap goods from their own country, which promotes the development of Chinese industry and reduces the sales of American goods in China, thus making China become the "American country" in the world market.

"The most destructive competitor in the world." If the price of silver increases, the value of the Chinese currency will rise, increase the cost of Chinese industrial products, weaken the competitiveness of Chinese products, and thus benefit the United States.

entrepreneurs and farmers. The U.S. congressmen are working behind closed doors at home. They don’t know how much changes have taken place in the country on the other side of the ocean, and they don’t know that China’s silver dollars have changed their pockets. Their motives are not pure, and they want to sacrifice China to rescue the deep economic crisis.

The United States is in the quagmire. Unfortunately, they are just wishful thinking. Even in later generations, it is not the United States that makes the biggest profit, but the third party, the Japanese country and some speculators.

Of course, the main reason is that a little butterfly flew up in this life, stood on the top of the Himalayas and flapped its wings randomly, messing up the world beyond recognition. Yes, the Chinese used silver dollars to buy goods, but most of their silver dollars went into the pockets of the Chinese Empire.

.Since the war between the Chinese Empire and the Great Yin Empire

After the war, the Great Yin Empire was brutally beaten, and no country dared to cause trouble with the Chinese Empire. Therefore, the products of the Chinese Empire were crazily dumped into the Central Plains, seizing the Central Plains market and squeezing out the share of Western countries, that is,

It is said that the current Central Plains market is dominated by products from the Chinese Empire.

If the U.S. has a monopoly position, if it wants China to rescue the U.S. economic crisis, it will only be in vain. The Americans have a very clear plan. If there is not that little butterfly causing trouble, it will definitely be possible, at least for the current extremely bad domestic situation.

Economics and politics play a certain role, which is a pity

, of course they didn’t know that a very bad little butterfly came in this life and shattered their wishful thinking, and then made the already very bad economy of the United States worse, and at the same time triggered a series of disaster consequences that made the United States even worse.

Since then, it has been unable to recover. What a bad thing this little butterfly is!

When the silver dollar in the U.S. capital market rose to 1.2 cents, it began to encounter strong resistance. Even if it crossed 1.2 cents during the transaction, it would be beaten back quickly.

There was a fierce disagreement and competition between the short side and the short side at this point. Of course, as the disagreement continued to increase, the trading volume also increased sharply. The buyer is of course the capital force of the United States. As for the seller, haha, it must be large.

Part of it is funds pouring in from outside.

Although there is no Xihua Group visible on the surface, it is obvious that they must have taken action, otherwise the silver dollar would not have soared so high in the market price just after the "Silver Dollar Act" was announced. The silver dollar was 1.2 meters.

The high trading volume began to increase sharply. Where did those selling orders come from? Who has so many silver dollars to sell out? The answer is obvious. It seems that the bad guy probably wants to pinch it again.

Pop the balls of American men, and then take away the inner contents of American sisters. What will be left for America must be men with sore balls and naked buttocks, and what will be left for America will definitely be chicken feathers. The miserable Americans don’t know
Chapter completed!