Arthur wasn’t concerned about the stir caused internationally by Australasia’s unemploynt figures, as he sought to minimize the impact of the economic crisis.
Seeing that the impact of the economic crisis on various countries was significant, this year’s export quotas were bound to suffer greatly.
On this basis, it was necessary to make certain policy changes. The first priority was to protect the workers and professionals, to stabilize the current unemploynt figures in Australasia, and then to try and gain more benefits from this economic crisis.
How to reduce the dostic unemploynt rate? It was essential to initiate major national projects.
For this reason, on August 3rd, 1926, the Cabinet eting on how to deal with the economic crisis was promptly convened, with all mbers of the Cabinet in attendance.
"Your Majesty, since July our export share has been steadily declining. The economy of European and Arican Nations won’t recover in a short ti, we must prepare in advance to prevent enterprises from having to lay off staff when export shares significantly decrease," Pri Minister Roger reported to Arthur with a serious face during the Cabinet eting.
The comparatively low unemploynt numbers in Australasia were due to the fact that the stock market crash hadn’t had an impact, and also because the banking sector was quite stable, aning enterprises were minimally affected by the shock to the stock market.
But the economies of the European and Arican Nations had entered a slump and wouldn’t recover in the short term. In this situation, a reduction in Australasia’s export share was inevitable.
Grain and at had always been the mainstay of Australasia’s exports, a reduction in export share ant the inco of farrs and herdsn would decline.
There were also a variety of industrial products, if an effective market couldn’t be found, it was inevitable for enterprises to reduce production capacity and lay off employees.
It was precisely when Australasia’s unemploynt numbers surged that the Australasian Governnt would be put to the test.
"What plans does the governnt have?" Arthur nodded calmly and looked toward Pri Minister Roger, asking.
This was also a test for the governnt, as not everything could be handled by Arthur the Monarch; the governnt was the role responsible for advising and strategizing for Arthur.
"Your Majesty, due to your decree, our banking sector is still relatively stable. This ans that enterprise layoffs won’t happen all at once, but will occur gradually as our export quotas shrink. Enjoy exclusive adventures from .Côm
I believe we need to take two decisions.
Firstly, we should fully export industrial products to the Great Sultanate and the Philippines to assist them in building more advanced countries.
At the sa ti, we should also make contact with all countries suffering from the economic crisis. I believe there will be countries in need of grain and at, ensuring that our grain and at exports are not too adversely affected, protecting the inco of our farrs and herdsn.
On this basis, we must start major national projects, employing those who have been forced into unemploynt due to layoffs in small and dium-sized enterprises, keeping our unemploynt figures within a controllable range," Pri Minister Roger stood up and presented the plans he had already prepared.
"Tell , what major constructions has the governnt prepared?" Arthur asked again with a nod.
"Your Majesty, regarding the North Water to South Project you ntioned, I believe the terrestrial projects can now begin," Pri Minister Roger replied respectfully:
In addition, our total mileage of railways and highways is far behind the European powers, and now is the best ti to build railways and highways.
In the next few years, the scale of the industry should not expand too much. I think we should focus on increasing grain production.
If we can attract a large number of immigrants from the United States and Europe, our Capital Region developnt plan could be accelerated, allowing us to have a super-sized granary ahead of schedule."
Australasia indeed had many large-scale constructions to undertake, with each requiring tens or even hundreds of thousands of workers.
In the past, due to the insufficient dostic population, there were not enough workers to carry out such large-scale projects.
But now, the growth in unemploynt numbers had beco an inevitable reality. These unemployed people could be employed in large projects, eting the national infrastructure needs, and providing them with an inco to avoid starving during the economic crisis.
The North Water to South Transfer was a plan proposed by Arthur to solve the water resource difficulties in the Australian Region, aid at transferring large quantities of drinking water from the water-rich New Guinea to the Australian Region.
Because of the sea in between, it required technologies like cross-sea bridges or undersea tunnels, which weren’t available with the current technology.
But this doesn’t an terrestrial projects couldn’t be constructed. The tunnels connecting New Guinea and the Australian Region could be built once technology advances; after all, there is now an abundant workforce available, and with the governnt possessing ample funds, it isn’t impossible to start several large projects at the sa ti.
"What is the current situation in the United States and Europe? Can we attract a large number of immigrants from Europe and Arica?" Arthur continued to inquire.
The economic crisis had not only had a significant impact on the United States and Europe but had also accelerated the population outflow from Europe and Arica.
Historically, Europeans and Aricans went to the Soviet Union, but now they have a better option, which is Australasia, very similar to Europe and Arica.
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