While this will led to inflation, it was viewed that the benefit would outweigh the cost, since this will give the administration of breath room for the time being.Ī five-Yuan bank note printed in Xiamen, amongst the first to be issued by the republican government. Finally, the trade links that the AOG had with Germany and other members of Mitteleuropa were now gone, they will have to be renegotiated, new trade partners will have to be found.įor this, it was decided that the newly established Republican Central Bank will print enough additional currency to both pay of the AOG’s debt, and to pay the salaries of government workers. Even the three major German firms that decided to remain in the country (Opel, Krupp, and Siemens) temporarily suspended their operations until the situation stabilizes. To make matters worst, despite the promise of the new government respecting the property rights of the AOG member firms have chosen to pull out of Southern China all together in fear of their assets being nationalized.
While the transfer of power was peaceful, the cost of the entire process was expensive, meaning that the AOG not only didn’t leave the new government with any money, but instead, the administration had inherit the company’s debt. So, enjoy!Īfter the transfer of power from the AOG, the provisional Republican government was effectively a military dictatorship under General Sun Li-jen, with it’s priority being to quickly stability the six providences for elections to take place.Ī few weeks into the new government being formed, the first issue that it faces is the new country’s economic situation.
And this is more of a story focused AAR afterall. This was because I lost the screen capture for some of the events, and had to be retaken in a new playthough. Author’s note: The dates in some of the screenshots were out of order.
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