Chapter 15, Loss-making Deal

Europe had been struck by a disaster, and naturally, America could not escape its reach. With the booming development of international trade, the economic connections between nations had become increasingly tight.

After the outbreak of the economic crisis, it wasn't just the downstream manufacturing and retail sectors that suffered heavy losses; middlemen wholesalers and upstream raw material suppliers were likewise unable to escape the impact.

Then, the sales of Argentine beef and soybeans slumped, Chilean copper mines and saltpeter experienced stagnant sales, and the cotton of the United States rotted in the fields—the United States, being the most advanced in industrialization, naturally suffered the heaviest losses.