America 1919

Chapter 1570 - 572: Leader of the Banking Industry

The situation in the United States has always been watched closely by Europe.

In the United Kingdom, the leaders of the Rothschild family from several other countries also gathered here.

Those familiar with the Rothschild family understand that whenever such a situation arises, it is an extraordinarily important moment for the Rothschild family.

"Have those people’s heads been run over by a train? How could they allow Breton Bank to buy shares?"

Anthony Rothschild shouted angrily at this moment.

If you asked the entire Rothschild family who harbors the greatest resentment toward Donnie, Anthony Rothschild would claim second, and no one could claim first.

Back then, Ned Rothschild sent Anthony Rothschild to the United States, hoping to develop the United States into something like Europe.

To make the Rothschild family one of the largest families in the United States.

As a result, not only did Anthony Rothschild fail to fulfill Ned Rothschild’s command, but he also caused the Rothschild family to completely lose the U.S. market.

When Anthony Rothschild went to the United States, Ned Rothschild had already passed away.

Leo Rothschild became the head of the Rothschild family in the United Kingdom.

Anthony Rothschild returned defeated, and naturally did not have much prestige within the family.

"I had written to them before, telling them not to trust Donnie Block, not to trust Donnie Block, yet these people still invited a wolf into the house!"

Anthony Rothschild said furiously.

He was naturally referring to Breton Bank’s acquisition of shares in other local banks in the United States.

Previously, the Rothschild family suffered a major defeat in the United States and had no choice but to abandon all their business there, retreating back to Europe.

But this does not mean the Rothschild family has given up on the U.S. market.

In the hearts of the Rothschild family, they still intend to reclaim their presence in the United States.

So they are very concerned about events unfolding there.

Of course, there’s another reason, which is that the U.S. economy significantly affects Europe’s economy.

The other members of the Rothschild family in the room were indifferent to Anthony Rothschild’s anger.

"Now is not the time to be angry!"

Leo Rothschild stopped Anthony Rothschild’s anger.

Then turned to look at Edmond Rothschild, the head of the French Rothschild family.

"Edmond, do you still stand by your judgment at this time?"

Edmond Rothschild nodded and said, "That’s right, I stand by my judgment, the crisis in the U.S. banking sector is over."

After a banking crisis broke out in the United States, the Rothschild family immediately analyzed the crisis in the U.S. banking sector.

Most of the Rothschild family members believed that even with Franklin Roosevelt coming to power, it was still difficult to change the crisis in the U.S. banking sector.

Especially when the White House announced the bank holiday news, it made the Rothschild family think that it was a sign of the collapse of the U.S. banking sector.

Because the bank holiday would create a sense of panic among the American people, they would believe it to be an omen of the banking sector’s collapse.

A holiday would only reduce the American people’s trust in banks to freezing point!

However, Edmond Rothschild opposed this analysis.

Edmond Rothschild believed that when banks closed, everyone would feel a sense of relief.

It would be a nationwide holiday.

There would be widespread excitement and a very intrigued feeling.

Tours wouldn’t stop, hotels wouldn’t close down, everyone would be happy, even though those people wouldn’t admit it was happiness.

Even though the bank holiday indirectly brought about new pain—through a new wave of commercial reduction and

a new wave of temporary unemployment, and intensified the pain of many who were already suffering.

Yet even with such results, Edmond Rothschild still believed that the American people would accept this fact.

And they would have a forgiving attitude towards the bank holiday.

"The reason Americans used to panic was because of fear of the unknown, but now it’s different."

Edmond Rothschild expressed his thoughts.

"Now, everything is out in the open.

The American people will feel that this trouble is temporary.

Moreover, now they don’t feel it’s shameful to lack money since, currently, every American lacks money.

In the past, they could only care about their own matters, but now with Franklin Roosevelt’s speeches and policies, these people are placed in the same boat, and this situation will make them sympathize with each other and respond kindly to each other’s difficulties!"

Edmond Rothschild paused here, then took out a stack of documents from his bag.

He handed these documents to everyone in the room one by one.

The crowd accepted the documents from Edmond Rothschild, which contained reports on the current commercial environment in the United States.

Grocers in the United States began to agree to credit, what else could they do?

Most hotels were happy to accept checks, and shops were keen on installment purchases.

Newspaper columns with much-reduced advertisements continued to publish pleasant announcements like: "When paying travel expenses, we are willing to accept checks or duly authorized vouchers"—this was during the early period of the bank holiday, at that time, vouchers issued by the clearinghouses likely appeared.

"We are willing to postpone the payment date of your check by 3 months, providing you and your family with 3 months of Pessodont toothpaste."