Emperor Su He listened to the thoughts of these officials.

The Dahua Empire has initially completed industrialization, but the top officials of the empire still don't understand much about industrialization.

Many people believe that even if there is an economic crisis, the government should not interfere too much and leave everything to the market.

This kind of thinking adheres to the idea of ​​​​treating things that one does not understand by doing nothing.

It's better than officials who don't understand and interfere indiscriminately, but it's definitely not what Emperor Su He wants to see.

He directly named the prince and said: "Shu'er, what are your opinions on the economic crisis?"

Prince Su Shu stood up and said confidently: "Father, I think Prime Minister Lin Wenjing's suggestion just now is correct.

The court must ensure that unemployed workers have jobs.

In addition to allowing workers to maintain stability, the workers themselves were also a huge asset to the court.

Workers in the empire are unemployed, and they must find a way out. There is a high probability that they will be poached by vassal countries at high prices.

It takes several years to train a qualified worker.

The loss of a large number of qualified workers will inevitably lead to slow development of domestic industry.

The economic crisis of the empire must not turn into a crisis for the empire and an opportunity for other vassal countries."

Prince Su Shu's first priority is to preserve the empire's wealth.

Some factories can be wiped out due to poor management by factory owners.

But skilled workers must be kept in the empire.

Prince Su Shu saw the power of industrialization.

The war between Cao and Wei in America also shows the intensity of war in the industrial age.

In the age of cold weapons, if a small country swallows up a large country, there will inevitably be problems within a big country.

In the era of industrialization, there is only one possibility for a small country to swallow up a large country. The industrial foundation of small countries is stronger than that of large countries.

Prince Su Shu has always had a sense of crisis. After he ascended the throne, his brothers chose to attack the empire.

Will other forces in the empire think that this is an internal matter of the royal family and choose to sit back and watch?

This situation is similar to the Battle of Jingnan in the Ming Dynasty.

The industrial strength of the countries established by other princes really exceeds that of the empire, and there is a real possibility that Prince Su Shu will be kicked off the throne.

If this happens, the rest of the empire will not be in great turmoil, but his family will inevitably be purged, and not a single baby under the age of one month will be left behind.

Prince Su Shu could only try his best to ensure that the industrial strength of other vassal states, especially the Sweet Potato Kingdom established by the prince, could never exceed the empire.

Emperor Su He was very satisfied with Prince Su Shu's idea.

Other officials are also concerned about the domestic impact of the economic crisis.

Prince Su Shu has begun to pay attention to the impact of the economic crisis on the world.

He realized more clearly that workers are the most valuable asset of an industrial country.

As long as experienced workers remain, even if an industrial country is in ruins, it can be quickly rebuilt.

After the economic crisis is over, industry will develop again, which must also rely on skilled workers.

Emperor Su He smiled and motioned to Prince Su Shu to continue.

Prince Su Shu gained the approval of his father, and he became more confident, and said confidently: "Father, I think that except for workers, I will be the best."

The empire must not leave all companies affected by the economic crisis alone.

Especially heavy industry companies, which are companies that the empire spent more than ten years and worked hard to build.

They have just achieved certain results. It would be a pity if they were affected by the economic crisis.

For example, Tangshan Iron and Steel Plant, Pentium Power Machinery Plant, Mawei Shipyard, Honghulu Pharmaceutical, and Longchang Automobile Plant.

There are also some companies with great potential, which represent the direction of new technologies.

For example, the Feiyue Electronics Factory invested by Erchen produces radio transmitters that are sold all over the world.

It does not satisfy that radio can only transmit text.

The emergence of the telephone allowed scientists to realize that electricity could carry sound.

The exploration of radio transmission of sound is continuing.

After the economic crisis, many collaborations between the Royal Academy of Sciences and the private sector will come to an end.

The empire should increase funding for scientific research. Only scientific and technological progress can bring about industrial development and help the empire successfully get out of the economic crisis.

I discussed the main cause of this economic crisis with many professors and scholars, and we all agreed that it was the economic crisis caused by overproduction.

A large number of factories can only produce goods with low technical level.

These industrial products with no technical content can no longer meet the needs of the people.

The end of these industrial products can only be unsalable.

The industrial crisis also has a good side, it can screen out industrial products suitable for the market.

If the government forces the closure of factories, those businessmen will definitely complain.

But the products they produce cannot adapt to the market, and they can only bear the price themselves.

Erchen's opinion is that the imperial court takes action to protect companies that are extremely important to the empire.

But for other companies, let them compete freely in the market, the fittest will survive, and the fittest will survive.

The court only needs to give these companies enough confidence to make them realize that if they survive this crisis, they can usher in new hope instead of giving up in the economic crisis.

If the imperial court can do these things well without spending too much money, it can ensure the integrity of the empire's industry."

After Emperor Su He heard Prince Su Shu's idea, he said happily: "Okay, Shu'er's idea is good."

He was very satisfied with the performance of Prince Su Shu. This was a judgment made by a man who knew the industry very well and foresaw the future development of the industry.

Prince Su Shu has shown this performance, and his ability is enough to control the empire, and there will be no counter-industrialization of the empire.

After Prince Su Shu finished speaking, he was praised by Emperor Su He.

This allowed the officials present to understand what Emperor Su He was thinking.

Zhang Kuoling, the president of Imperial Bank, who had been silent all this time, finally stepped forward.

He was a lowly and powerful official responsible for the issuance of currency by the Imperial Bank.

He also has the authority to manage commercial banks.

The bonds issued by the Empire are also issued by the Imperial Bank and handed over to commercial banks for sale.

The Imperial Bank is the real moneybag of the Empire.

This chapter is not over yet, please click on the next page to continue reading! The Imperial Bank is responsible for government accounts and the payment of official salaries.

It is a large commercial bank with certain management functions.

But the president of the Imperial Bank is only a fourth-rank official.

In the imperial meeting, most of the people who can speak are first- and second-rank officials.

As a fourth-grade official, Zhang Kuoling was extremely nervous when he stood up to speak.

But he couldn't help but stand up. After listening for so long, no official mentioned the bank.

Zhang Kuoling bowed and saluted, and said slightly nervously: "Your Majesty, I just heard that none of you, your lords, paid attention to the problems in the banking industry.

Zhang San had no money to buy products, so he borrowed a sum of money from the bank to buy Li Si's products.

Li Si used the money to purchase materials from supplier Wang Wu.

Wang Wu used the money to pay wages to the workers.

Zhang San, Li Si, Wang and Wu didn't pay a penny, but they all made money.

This is the role of banks in industry and commerce.

I just gave an example. In a normal industrial chain, one hundred taels of silver coins can generate a credit of 10,000 taels of silver coins through the amplification effect of the bank.

The rapid development of industry and commerce in the empire was inseparable from the assistance of the banking industry.

However, with the crisis in industry and commerce, it will inevitably lead to a depression in the banking industry.

The majority of the 1.3 billion triangular debt is borne by banks.

Once a bank run crisis occurs due to the impact of industry and commerce, the empire will be in big trouble.

The banking industry has the effect of amplifying principal, but most of the silver coins they take out are silver coins stored by depositors.

As banks went bankrupt, a large number of depositors lost all their value.

People who have nothing will inevitably cause great turmoil."

President Zhang Kuoling finished talking about the situation.

The smile on Emperor Su He's face disappeared immediately, Prince Su Shu's face became serious, and many officials' eyes widened.
To be continued...