Chapter 1637 1639 [Economic Crisis]

   Entering 1929, Xiang Nan's status in the academic world has been significantly improved because of the verification of the Big Bang theory.

   Various research institutions, institutions of higher learning, and academic forums have 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, Austria, etc., promote their own scientific theories and expand their reputation in the academic world.

  On the one hand, after proposing the game theory, the Big Bang theory and the unified theory of weak electricity, Xiang Nan has become the same as Einstein in the mathematics and science circles, and is equivalent to a generation of masters.

   And since he is a master, it is impossible for him to be the only one. 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, the number of people in the world who could understand it was no more than a slap in the face.

   But with his continuous lectures and promotion over the years, if he doesn’t know the theory of relativity, he can’t be regarded as a professional physicist at all.

   It is also because of this that Einstein has such an amazing reputation in the field of science.

   On the one hand, Xiang Nan also hopes to set an example to boost the image of Chinese people in European and American countries and reduce racial discrimination.

  So wherever he went, he gave public lectures to let foreigners know that Chinese people don't have mustaches and pigtails, which are described as wretched, despicable and dirty.

  Although he did this, it may not have much effect. But it can count a little bit.

   And Xiang Nan's lecture tours are actually not free. Each presentation costs at least 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, if Xiang Nan is invited to give a speech, the appearance fee is 800,000 yuan, which is no less than that of a popular star, so it can be seen that he is still quite popular.

  …

  As Xiang Nan became more and more popular, his previous book "The Unified Theory of Weak Electricity" also began to receive more objective and fair evaluation, and gained the support of more and more scholars.

  This made his status in the academic world higher and higher, and he was faintly on the verge of becoming a top scholar in the academic world.

   This is naturally of great benefit to him.

  Because in a war-torn world, fame is like a talisman. The greater the fame, the less likely to be in danger. After all, under modern civilization, everyone still needs to save face.

  Even Japan is tyrannical, ruthless, and inhumane, and has caused many tragedies that shocked the world. However, in the international arena, they continue to put rouge and powder on themselves, beautifying their aggression as "liberating Asia from the **** of European and American powers" and "building a sphere of co-prosperity in the East and West".

  So after Xiang Nan became famous to a certain extent, in order to avoid making excuses, all parties would not attack him hastily. Instead, they had to ensure his safety so as not to cause an uproar in the world.

  …

  In the middle of 2009, Xiang Nan released a new book - "Xu's Cat", which is used to explain quantum mechanics at the micro scale from the macro scale.

  The publication of this book immediately caused a sensation in the academic world and even in society. It's like Hawking's popular science book "A Brief History of Time" in the 1980s.

  Before this, although the academic circles had made many achievements in quantum mechanics, it was difficult to explain and popularize these achievements to the public.

   Just like Niels Bohr, the founder of quantum mechanics, said, "If anyone doesn't get angry when he hears quantum theory for the first time, he must not understand it."

  So the public, while very interested in it, is having a hard time understanding it.

  The book "Xu's Cat" published by Xiang Nan well explained the concept of quantum mechanics and the characteristics of quantum, such as quantum uncertainty, quantum interference, quantum decoherence and so on. And use the hypothetical experiment of "Xu's cat" to explain the quantum superposition state to the public.

  Because this book is novel and interesting, it not only contains knowledge, but also is suitable for the ignorant to use as a disguise, so the sales are very hot, and it has become one of the most popular science books in 2029.

  …

   Entering the second half of 2009, on October 24th, the stock price on the New York Stock Exchange in the United States plummeted, falling by 12% in one day, which caused public panic.

   On October 25th, the stock market continued to fall, and there was still no sign of stopping losses. As a result, after the brewing on Saturday and Sunday, when the new trading day on Monday comes, the panic in the market has been seriously saturated. More investors chose to sell and leave the market, causing the stock market to plummet another 13% that day.

   Immediately after the opening of the stock market on Tuesday, although many tycoons such as William Durant and Rockefeller joined forces to rescue the market, they still couldn't stop the stock price from plummeting.

  On this day, a market value of 14 billion U.S. dollars 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 US stock market has been very hot. From 2001 to 2009, the U.S. Dow Jones Index rose six times, and the well-known economist Irving Fisher declared: "The stock price has reached a seemingly permanent high."

   Therefore, the prosperous stock market has attracted countless capital influxes, including billionaires, workers with poor salaries, 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, and stock prices are plummeting. Many stocks have fallen from worth millions to worthless, and countless investors have gone bankrupt.

   What's more frightening is that the stock market's plunge has triggered a wave of bank runs. As a result, a large number of banks went bankrupt and closed down, and countless factories were forced to close down because of their capital chain disconnection.

  This not only caused a large number of workers to lose their jobs, but also further caused public panic, which led to a further plunge in the stock market.

  Under the vicious circle, the economic crisis will inevitably spread.

  A large number of workers lost their jobs, a large number of students dropped out of school, and a large number of banks went bankrupt...

   Moreover, the economic crisis not only affects the United States, but also spreads rapidly to other countries.

   However, the French economy has not been affected for the time being. In fact, its economic crisis began after a delay of one year.

   Therefore, the French media are even complacent, thinking 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 longest, deepest and most serious crisis in the history of capitalist economy.

  Its three major characteristics, even the compulsory questions in the senior high school entrance examination, involve a wide range, last a long time, and are extremely destructive.

  The reason why World War II was able to start was because of the economic crisis, the great powers initiated foreign capital plundering in order to divert domestic conflicts.

  So Xiang Nan didn't take it lightly, and withdrew the money early. Convert it into cash in large denominations such as US dollars and British pounds, or use it to buy expensive items such as gold and jewelry, so as to avoid bankruptcies in the future and all your money will be wiped out.

  (end of this chapter)