Chapter 26 Buying and selling land, respect freedom!
USA, Chicago.
Chicago at this time was nothing more than a desolate town.
And there was a young man from continental Europe who spent $200,000 to buy half of the town and the wasteland around the town.
This young man was immediately elected as the mayor of the town. The young man was also very helpless. He was obviously an official of the Austrian Empire and was sent by Baron Brooke to purchase real estate for the empire.
As a result, he was inexplicably elected as the mayor of an American town, so he had to write to Baron Brooke of Austria to ask him to make a decision.
At the same time as this young man appeared in Boston, New York, Philadelphia and other places, the Austrian special officials responsible for purchasing land also attracted people's attention.
Someone recognized the young man who spent $1.5 million to buy land in New York. He was the nephew of Baron Brooke, special adviser to the Austrian emperor.
It is said that Baron Brooke is the actual helmsman of the Austrian Empire's finances. More information is constantly being dug up, and the impact of the incident is growing.
As the influence of the incident continued to expand, the identities of other people who purchased land on a large scale were also exposed one after another.
Among them are descendants of great European nobles, descendants of great bankers, and even descendants of the Sina family, which once competed with the Rothschild family.
This was exactly the effect that Baron Brooke wanted, and he bought the land just for the sake of hype.
Almost all bankers know that U.S. land prices have risen too fast, but they are all optimistic about the U.S. land market.
It's just that no one has punctured this layer of window paper. All Baron Brooke has to do is to puncture it and let the wind in.
As he expected, after this incident, Americans began to value the value of land and no longer sold their land easily.
What followed was a wave of people following suit, first in the United States, and then the news spread back to Europe, and capitalists caught wind of it.
At this time, the U.S. government was also adding fuel to the fire, launching a series of policies to attract foreign investment, and at the same time issuing a large number of banknotes due to the overheating economy.
Banks issued large amounts of loans, and capitalists speculating on land used land as collateral to continue to borrow money from banks and purchase more land. Naturally, land prices soared into the sky.
Although the inflow of precious metals into the United States did increase at this time, the amount of banknotes issued still far exceeded the upper limit that the United States could redeem.
Philadelphia, headquarters of the Second Bank of the United States of America.
"Damn it! Andrew Jackson is a short-sighted guy, a bandit with a gun. We must print more money so that more Europeans can invest. When the time comes, we will face a huge fiscal surplus, look at that bandit What else can I say!”
The speaker was Nicholas Biddle, president of the Second Bank of the United States, and Andrew Jackson, whom he called a bandit, was the seventh president of the United States.
Since Andrew Jackson was a soldier and made a name for himself by looting Indian lands, the name bandit was well deserved.
Biddle's grievance came from Andrew Jackson's refusal to renew the federal charter of the Second Bank of the United States and his plan to close it.
Andrew Jackson once told then-Vice President Martin Van Buren, "That damn bank is trying to kill me and America, but I'm going to kill him first!"
Cutting off someone's financial path is like killing one's parents. The parents have a sworn hatred, so Biddle will naturally not speak well of Andrew Jackson.
In fact, Andrew Jackson was right. The Second Bank of the United States was indeed affecting the U.S. economy, and it was moving in an unstoppable direction.
In the early 19th century, the U.S. federal government did not have its own central bank and therefore did not issue paper currency.
The federal government's money supply is limited to various coins, while paper currency is bank notes issued by thousands of state-approved banks.
These banks range from completely reliable and reputable banks to outright scammers.
At this time, although the Second Bank of the United States acted as the central bank, it believed in the so-called free economy and issued banknotes crazily. In two years, the total amount of banknotes increased by nearly 50%.
However, such crazy behavior is only the beginning of its destruction.
The headquarters of the Second Bank of the United States was completed in 1824. It was built in imitation of the Parthenon, which means the temple of finance.
However, it was this temple that witnessed the first real economic crisis in the United States.
In 1834, more than 30 million acres of land were sold (27.92 million acres during the same period in history). There is no doubt that this will greatly alleviate the debt pressure of the United States.
And according to this momentum, the United States' finances will have a huge surplus. At that time, Andrew Jackson can only apologize to Biddle for what he said.
Biddle was smoking a cigar and drinking red wine, looking at the busy crowd outside, and couldn't help but sneer.
"What a bunch of idiots. Why don't you ask me to invest? Now that there is no 100% profit, I am embarrassed to accept agency fees. You think so? Mr. Martin."
"Mr. Biddle, you are saying that your prediction is so accurate. The land you asked me to buy in Manitowoc, Wisconsin, tripled in one week." Martin Van Buren was answering cautiously.
The reason why he spoke so humbly to a speculator was entirely because he had greater ideals.
Martin Van Buren didn't want money, he wanted to be the next president of the United States.
It’s just that Andrew Jackson was a hero in the war. Those who slander heroes are usually villains, and villains cannot become the president of the United States of America.
Therefore, there is no one more suitable to be this villain than the genius in front of him who received a PhD from the University of Pennsylvania at the age of 13 and took control of the largest bank in the United States before he was thirty.
Biddle and Andrew Jackson attacked each other, hurting both, and it was just around the corner that he would become the next president of the United States.
Biddle blew out a smoke ring, choking Martin Van Buren and coughing repeatedly. A sudden sentence shocked him to the spot.
"Mr. Martin, what do you think of me running for President of the United States?"
But before Martin Van Buren could answer, Biddle said to himself.
"That would be boring, wouldn't you say? Mr. Martin."
Martin Van Buren was startled into a cold sweat, but he reminded him without changing his expression.
"Andrew has never given up on the idea of closing the Second Bank of the United States. If the Second Bank of the United States were to close, it would be a disaster for all freedom-loving American citizens."
"Don't worry, I will let him admit it himself that the Second Bank of the United States is the pride of the United States."
Martin Van Buren raised his glass.
"Here's to freedom!"
Biddle put out his cigar on the table and picked up his wine glass.
"Here's to freedom!"
Vienna, Schönbrunn Palace.
Thalia was looking at Franz eagerly. Franz knew what she wanted, and it was a French meal.
Franz took out a bag, took out a box of foie gras and handed it to Thalia.
"Foie gras."
"Thank you, Archduke Franz. This is my first time eating foie gras." Thalia could not hide her joy.
Franz didn't like foie gras at all, it was too greasy.
In fact, Franz knew in his heart that Thalia was not necessarily greedy, but was just out of boredom and vanity.
Simply, Franz brought back everything he could and let her eat as much as she could.
For those who don’t know how to invest, please help me to do so. Thank you.
Thanks to book friend S Yun Dong Bafang for the reward, Feiyun Tanyue for the monthly pass, and all readers for their support.