Chapter 748: Chapter 561: Focus on Education

As time enters December 1921, Arthur also realizes that the economic crisis is not far away.

Compared to external territorial and power expansion, maintaining order in Australasia and ensuring that it can safely weather this economic crisis is currently the most important task.

It is important to note that the severe consequences of this economic crisis are in no way less than those of a super war, and its destruction of national economies far exceeds that of a world war.

If Arthur remembers correctly, this world economic crisis, which goes down in history, caused global economic and industrial production to decline to the level of the beginning of the 20th century.

During the crisis, industrial production declined by 37.2% in the capitalist world, with the United States declining by 40.6%, France by 28.4%, the United Kingdom by 16%, and Japan by 8.4%.