While enjoying the material abundance brought about by industrialization, we must also bear its negative effects.
After all, there is no rational financial tide.
As someone who missed out on the nine-year compulsory education, Carlos has forgotten what characteristics the market economic system has besides blindness and lag, but this does not prevent him from scolding his mother.
The Zul'Gurub War is in full swing, Pandaria is in danger of overthrowing, is there a stock market crash in Ironforge?
Magni Bronzebeard, as the Lord of Ironforge, took advantage of the ten-minute golden information gap and took his invincible second brother directly out of Stormwind City and drove to the front line in three jumps.
I can't afford to lose this person...
Why did Carlos make a huge contribution to develop a sovereign currency?
Because traditional physical gold, silver and copper coins simply cannot support the massive amounts of materials brought about by industrialization entering the market.
As for the Alliance... let's just call them names. Even if all the precious metals dug up by the dwarves, humans, trolls, and high elves in the Eastern Kingdom for thousands of years were melted into physical currency, it would still not be enough for the Kingdom of Alterac. The factory's three-month output will be replaced with equal value.
So Carlos had to buy gold coins of one face value, ten face value, and one hundred face value.
Obviously, the gold content of the card head is not as good as the traditional gold coin of Lordaeron. The value of the anti-counterfeiting material of the unity of one hundred face value is higher than that of gold.
But the alliance is full of martial virtue and the human race is rich and powerful, so everyone is willing to recognize it.
Although containing gold, the Alliance's gold coins are now the standard sovereign currency.
As a sovereign currency, there must be a large amount of over-issuance. Otherwise, where would the alliance have the billions or tens of billions of funds to do this and that?
Industry needs financial support, but the market cannot tolerate a large amount of hot money.
So when Ironforge engaged in securities trading, Carlos held his nose and admitted it.
It is better to put money in the dwarf's treasure house and play the trick of left hand and right hand than the gang of rich people in the alliance dragging piles of gold coins to the market with donkey carts to sweep the goods.
It is more important that the market appears to be prosperous than that trade actually prospers.
Isn't it the Draenei factory with an annual output of 100 power furnaces? Can it really impact the market share of Silvermoon City's magic industry?
Stop making trouble, the high elves' arcane core orders have been piled up for three hundred years. Even if you produce 1,000 or 10,000 units per year, Silver Moon City will not be delayed in collecting the deposit.
Because the power furnace will break, it is a consumable, not a family heirloom.
As for the alliance's current aerospace battleships, one ship must be equipped with two main control power furnaces and a backup power furnace for emergency landing. The estimated service life of the former is five years, and the two power furnaces are used in turn to prevent internal damage caused by long-term operation. The latter is a one-time product, which is used to provide a short-term, large-output energy output for the battleship to make an emergency landing when the main control power furnace fails or the ship is seriously damaged.
Look, just one aerospace battleship requires three power furnaces. The Alliance Navy also needs to renovate its ships. Check out the arcane-powered sailing battleships. Even civilian ships are counting on using high-end goods to reduce sailor expenses, etc. Still sitting.
With an annual output of 100 units, let alone impacting the market, it cannot even succeed.
The plummeting share price of Silver Moon Heavy Industries is essentially the spread of panic caused by the irrational and impulsive behavior of stock investors.
The high elf's inexplicable beating was just the beginning but not the end. The stock market is about confidence and information. There has never been trust in this place.
Taking Silvermoon Heavy Industry's 13% plunge at the close of the day as a signal, the Ironforge Stock Exchange reopened for business the next day, and the technology sector was greenwashed across the board.
Barov Steel Group fell from 13 gold and 27 silver per share to 10 gold and 6 silver, barely able to maintain the psychological price of ten gold.
Trollbane Shipyards fell from six gold and thirty-two silver per share to five and seventy-seven silver per share. It seems that the decline is not big. The problem is that as a century-old factory, the Trollbane family has a total of 17 shipyards and 69 docks in the Palatine Gulf. The stock issuance is more than 20 times that of the Barov Steel Group. .
Even the Bronzebeard Dwarf's own Great Furnace Metallurgical Group fell from twenty-three gold and seventeen silver per share to nineteen gold and eighty-two silver.
Technology stocks are in disarray.
Here, I have to mention the weird section classification of Azeroth’s original stock market.
Bulk physical commodities, including crops, ore raw materials, are all classified into the futures market. With the strong intervention of the alliance's military control department, raw material suppliers will not play with you at all.
So Ironforge's stock exchange looks fancy, but in fact the only market-oriented sections are technology stocks and debt stocks.
What are technology stocks? Everything that seems to have technological content is technology stocks.
What is debt stock? Everything that can be used to pay off debts from the market is called debt stock, ranging from the ownership of a business firm to the large territory and title.
Don't think the league is bad, the league just chose to be bad.
In any case, selling one's official position and conferring a title cannot be stopped, so we might as well put it on the table.
After all, the alliance is just an institution, a political association, a military coalition, not a country.
Feudal private ownership is still the main ownership within the alliance. From the Duke's inheritance rights to the one acre of military merit-granted land on the Alterac Plateau, there is nothing that cannot be bought and sold.
This wave of turmoil in the technology stock sector has directly impacted the stability of debt stocks.
House prices in Alterac City were raised by 17%, land prices in Hillsbrad increased by 53 gold coins per acre, and Layton Farm in Arathi Highlands became the stock king of the day. The ownership of a small farm of 600 acres totals 11,000 shares, and each share is priced at 8,000 gold.
The farmer, Mr. Harman Leighton, ate hot pot and sang songs. He still owed a lot of foreign debt in the morning, but achieved financial freedom in the evening.
Trolls cannot take advantage of the frontal battlefield, and a large number of voodoo spells seriously delay the strategic process of the alliance.
The mage group has not been in place for a long time, and hundreds of thousands of troops are relying on logistics to confront Zul'Gurub's demons and monsters in Stranglethorn Valley.
It is impossible for Carlos to tolerate the cheating behavior at the rear that affects the outcome of the war.
Therefore, King Kaizi left the High-Elf Happy Valley with an unhappy face, far away from the happy time of a flaming storm every day, and arrived at his loyal Ironforge Stock Exchange.
As the sole legal heir of the Sun Chaser family, Kael'thas has little in everything but a lot of money. He doesn't like Silver Moon Heavy Industries, which is clearly listed for cash, and he only holds a symbolic 3%. of equity.
According to his understanding, as long as he spends one to two hundred million alliance gold coins to raise the stock price to save the market, he can basically stabilize this wave of stock market crashes.
However, Kai Zisasi underestimated the charm of the money game.
The more the high elves tried to increase the stock price, the harder the stock price of Silver Moon Heavy Industries fell.
If 100 million doesn't work, then 200 million, if 200 million doesn't work, then 1 billion. At the close of the day, Kael'thas already held 57% of the shares of Silver Moon Heavy Industries, becoming the well-deserved largest shareholder.
However, even this did not stop the overall collapse of technology stocks.
"what happened?"
Kael'thas played the fictitious number game all day long and became very angry. He suppressed his anger and asked his chief financial advisor, Pasaren, who had the title of Calculator.
Pasarien wiped the non-existent sweat from his forehead and pretended to be calm.
"Your Majesty, don't worry, it's just a normal technical adjustment."
