Chapter 16371639【Economic Crisis】
?In 1929, Xiang Nan’s status in the academic world increased significantly because the Big Bang theory was verified.
Each research institution, institution of higher learning, and academic forum invited him to participate. So in the next period of time, Xiang Nan traveled to many places.
Countries such as the United Kingdom, Germany, the Netherlands, Belgium, Spain, Italy, and Austria promote their scientific theories and expand their reputation in the academic world.
On the one hand, after proposing game theory, the Big Bang theory and the unified theory of weak electricity, Xiang Nan has become as much a master as Einstein in the world of mathematics and science.
Since he is a master, he cannot be alone. The more scholars agree with his theory and are willing to study and develop his theory, the greater his influence will be.
Just like Einstein, when the theory of relativity was first introduced, there were only a handful of people in the world who could understand it.
But as he has continued to lecture and promote over the years, now he cannot be considered a professional physicist if he does not know the theory of relativity.
This is why Einstein has such an astonishing reputation in the field of science.
On the one hand, Xiang Nan also hopes to lead by example, improve the image of Chinese people in European and American countries, and reduce racial discrimination.
So wherever he went, he held public lectures to let foreigners know that Chinese people do not have mustaches and pigtails, and are described as vulgar, despicable and dirty.
?Although he does this, it may not have much effect. But if you can afford it, you can count on it.
Hang Nan’s lecture tours are actually not free. Every speech, at least, costs a thousand dollars.
At that time, the U.S. dollar was directly linked to gold, and one thousand U.S. dollars was equivalent to 1,600 grams of gold. Based on the current gold price, the appearance fee for inviting Xiang Nan to give a speech is 800,000 yuan, which is no less than that of a popular star. It can be seen that he is still quite popular.
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With Xiang Nan''s increasing popularity, his previous book "Unified Theory of Weak Currents" has also begun to receive more objective and fair evaluations, and has gained support from more and more scholars.
?This has made his status in the academic world higher and higher, and he has the potential to become a first-rate scholar in the academic world.
This is naturally of great benefit to him.
Because in a war-torn world, fame is equivalent to a talisman. The greater your reputation, the less likely you are to be in danger. After all, in modern civilization, everyone still wants to save face.
Even Japan is cruel and ruthless, inhumane, and has caused many tragedies that shocked the world. However, in the international arena, it continues to rouge and whitewash itself, beautifying its aggression as "liberating Asia from the rule of European and American powers" and "building a Greater Eastern Co-Prosperity Sphere".
Therefore, after Xiang Nan''s fame reaches a certain level, all parties will not rush to attack him in order to avoid false accusations. Instead, they will ensure his safety to avoid causing an uproar in the world.
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In mid-2029, Xiang Nan launched a new book - "Xu''s Cat", which was used to explain microscopic quantum mechanics from the macroscopic scale.
The publication of this book immediately caused a sensation in the academic world and even society. Just like the popular science book "A Brief History of Time" launched by Hawking in the 1980s.
Prior to this, although the academic community has made many achievements in quantum mechanics, these achievements have been difficult to explain and popularize to the public.
As Niels Bohr, the founder of quantum mechanics, said, "Anyone who doesn''t get angry when he hears quantum theory for the first time must not understand it." So although the public is very interested in it, it is also difficult to understand it. Learn about it.
Xiang Nan''s book "Xu''s Cat" explains very well the concept of quantum mechanics and quantum characteristics, such as quantum uncertainty, quantum interference, quantum decoherence, etc. And used [Xu’s Cat] hypothetical experiment to explain the quantum superposition state to the public.
Because this book is novel and interesting, it not only contains knowledge, but is also suitable for uneducated people to use as a pretense, so it has sold very well and has become one of the hottest popular science books in 2029.
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?In the second half of 2029, on October 24, the stock price of the New York Stock Exchange plummeted, falling by 12% in one day, triggering public panic.
October 25th, the stock market continued to fall, and there was still no sign of stopping the loss. So much so that after brewing on Saturday and Sunday, by the time the new trading day came on Monday, the market was already seriously saturated with panic. More investors chose to sell and leave the market, causing the stock market to plummet another 13% that day.
? ? Immediately after the stock market started on Tuesday, although many tycoons such as William Durant and Rockefeller joined forces to rescue the market, they still could not stop the stock price from plummeting.
?On this day, the market value of US$14 billion evaporated out of thin air. In just five days, the U.S. stock market lost $84 billion in value. At that time, the monthly salary of ordinary workers was less than one hundred dollars.
Because before this, the U.S. stock market had been very hot. From 2001 to 2029, the US Dow Jones Index rose sixfold, leading the well-known economist Irving Fisher to declare: "Stock prices have reached a seemingly permanent high."
As a result, the prosperous stock market has attracted countless capital inflows, including both billionaires and workers earning shabby wages, as well as banks, insurance companies, trust institutions, etc.
Originally, they all made a lot of money in the stock market. But now the stock market is plummeting, stock prices are plummeting, many stocks have dropped from being worth millions to worthless, and countless investors have gone bankrupt.
What’s even more frightening is that the collapse of the stock market triggered a wave of bank runs. A large number of banks went bankrupt as a result, and countless factories were forced to close down as their capital chains were cut off.
This not only resulted in the unemployment of a large number of workers, but also further aroused public panic, leading to a further plunge in the stock market.
Under the vicious cycle, the economic crisis will inevitably spread.
A large number of workers have lost their jobs, a large number of students have dropped out of school, and a large number of banks have gone bankrupt…
??Moreover, the economic crisis not only affects the United States, but also quickly spreads to other countries.
?However, the French economy has not been affected for the time being. In fact, its economic crisis began with a delay of a year.
?Hence, the French media are even complacent, believing that France will not fall into an economic crisis like the United States, Britain and other countries.
?However, Xiang Nan, who is familiar with history, knows that this economic crisis is the most lasting, profound and serious crisis in the history of capitalist economy.
?Its three major characteristics, even as it is a required question in the high school entrance examination, are extremely wide-ranging, extremely long-lasting, and extremely destructive.
The reason why World War II was started was because under the economic crisis, the great powers launched external capital plunder in order to divert domestic conflicts.
So Xiang Nan did not take it lightly and took out the money early. Exchange it into cash of large denominations such as US dollars and pounds, or use it to purchase valuable items such as gold and jewelry to avoid bank bankruptcy in the future and all your money being lost.
(End of this chapter)