Galactic Great Depression and New Economy
Date: August 15, 2050(August 15, 153 BBY)
It has been over 4 years sense the T.F.R.* was formed and the T.F.R. is continuing to expand their Galactic territory and with their economy growing at an unprecedented rate. The Population of the Earth has of Mid-2050 reached roughly 9.7 billion people. As of Mid-2050 the T.F.R. have discovered, scouted and colonized roughly 3,468 star systems within a 12,250 light years to the north, northeast, northwest and southwest of Earth's location in the galaxy. The T.F.R. were able to production over 600 Scout ships of various classes, 450 Cargo ships of various classes 450 Patrol ships of various classes, 259 frigates of various classes, 200 destroyers of various classes, 133 cruisers of various classes, 28 battleships, 14 super-carriers along with over 19,750 Human fighters and 9,875 bombers and 500 colonial ships of various classes to transport people off-world that want to started New lives in the star systems that their Scout ships of discovered and scouted ahead of time. The T.F.R. have over roughly 212.509 million people off-world to the star systems that they discovered and scouted over the years with more People being transport off-world each day.
As T.F.R. continues to expand their Galactic territory and with their economy growing at an unprecedented rate and with many people and companies in the T.F.R. are taking out massive amounts of loans with an incredible huge amount of credit and at incredible high interest rates that they won't be able to pay back creating a huge bubble of incredible huge amount of credit and at incredible high interest rates. They are counting on the T.F.R. doesn't stop their continued expansion of their galactic territory with their economy growing at an unprecedented rate and if the huge bubble pop resulting in them losing everything. The T.F.R. has been over the years of expanding their Galactic territory and with their economy growing at an unprecedented rate been focusing on their Galactic Exploration and colonization fleets to colonize as many in star systems as possible; They have been major neglected their Civilian Conservation Corps, Civil Works Administration, Farm Security Administration and Social Security Administration. They failed to update their social programs on an interstellar scale and have keep the small planetary scale and not on an interstellar scale making the government's social program's on a Planetary scale outdated. They have as well as failed to continue to fund important of Majorly important infrastructure projects to keep up with their expanding their Galactic territory and with their economy growing at an unprecedented rate on their Galactic Exploration and colonization fleets to colonize as many in star systems as possible. They have majorly neglected important infrastructure projects in housing and other programs that a colonist needs to live their daily lives forcing more and more of them to getting bank loans just to support their daily lives. Many of the T.F.R. Economists in the T.F.R. are foreseeing and fearing a plausible massive economic crisis that the T.F.R. would face if they didn't get their act.
On December 7, 2050, The T.F.R. Economists worst fearing came true with the 1st stage being with T.F.R. Galactic Stock market crashed with 100's of billions of Dollars dropping like a stone from 100's of billion's being sold extremely quickly and with millions of banks unable to pay the people that asked to withdraw the stocks forcing millions of Banks across T.F.R. to close down. The Remaining T.F.R. banks in their Galactic Territory become to ask the incredible huge amount of credit and at incredible high interest rates from the people that got the bank loan's. When the people were unable to pay the banks incredible huge amount of credit they owed them or with the incredible high interest rates the bank's seized their house making them homeless and living on the street. 10's of millions lost their houses to the banks that seized them after they failed to pay their incredible huge amount of credit they owed them or with the incredible high interest rates. Over the following weeks over 1,500 companies in the T.F.R. went bankrupt and with over 1.238 billion people being laid-off from the Bankrupt companies or from companies that were forced to laid-off millions of their employees just to stay their companies afloat. The T.F.R. unemployment rate went up from .5% to over 20%.
As unemployment rise and the amount of people who lost their houses from the T.F.R. banks the T.F.R. years of neglecting their Civilian conservation corps, Civil works administration, Farm security administration and Social Security Administration have coming to eat them in the butt with their Economic programs being on a smaller planetary scale instead of Interstellar scale unable to handle the overflow of the unemployed and homeless asking for their star system governments and in turn the T.F.R. to in providing support for them. Along with them failing to update their social programs on an interstellar scale and have keeping with on a small planetary scale and not on an interstellar scale. They failed to continue to fund important of majorly important infrastructure projects to keep up with their expanding their Galactic territory and with their economy growing at an unprecedented rate on their Galactic exploration and colonization fleets to colonize as many in star systems as possible. They failed to provide important funding to important infrastructure projects in housing and other programs that a colonist needs to live their daily lives.
As unemployment rise and the amount of people who lost their houses from the T.F.R. banks so to did the inflation of the economy increase dramatically. The value of a dollar dropped down dramatically due to inflation increasing by 100%. For instant a trillion dollars now with the T.F.R. was worth only about 10 Billion dollars, 10 Billion dollars worth about 100 million dollars, 100 million dollars was worth about a million dollars; A million dollars was worth only about 10,000 dollars worth about 100 dollars; 100 dollars was worth only about a 1-dollar, 1-dollar worth about a penny. Many of the unemployed and homeless are called this Economy disaster: The Great Galactic Depression because it boring with similarities to the Great Depression in the 20th Century in the Earth Planetary Nation: The U.S.A. from 1929-1939 with the Stock Market crashing with 100's of billions of Dollars dropping like a stone from 100's of billion's being sold extremely quickly and with millions of banks unable to pay the people that asked to withdraw the stocks forcing millions of Banks across U.S. to close down and etc..
Over the next few months there were massive riots of Unemployed and homeless people and civilian unrest in all 93 T.F.R. Galactic states called for their Galactic state governments and in turn the T.F.R. for economy reforms to help the T.F.R. government and their Galactic state government's to provide them economic with the money for basic daily supplies and improved living conditions. After months of Public Pleasure T.F.R. Politician's in government and state governments began their economic reforms that their Galactic Nation desperately needed. Firstly their ordered all of their Exploration and colonization fleets to haul all exploration and colonization missions until their Galactic nation has significantly recovered from The Galactic Great Depression. They began a Major overhaul and Dramatically expand their Civilian conservation corps, Civil works Administration, Farm security administration, Social security administration along with other of their Galactic Federal and State social economy programs. They update their social programs to a Galactic Federal and state interstellar scale along with dramatically increasing the amount of funding to major important infrastructure in housing, Transportation, Industry, Hospitals, schools and other programs that a civilian needs to live their daily lives as well as for years of future growth.
The T.F.R. Galactic Government decided that in order to put their massive amount of unemployed workers they ordered all their Federal construction company contractors in all their Infrastructure projects and Industrial to begin Centralizing all their over 75 Galactic Nation's trade routes into 7 main Federal Trade Routes running throughout their Galactic Nation from the outermost states to their inner core states to transport trade goods and other Valuable materials to their states. They wanted each of their Galactic States to have 2 Massive trade spaceport Hubs: 1 in all their nearest states along 1 of their main trade routes; The other 1 as a Massive Trade spaceport relay hub to transport trade goods and other Valuable materials to their Galactic states that weren't direct connected to 1 of their Main Trade routes. The T.F.R. Federal construction company contractors in all their Infrastructure projects and Industrial centers told the T.F.R. that it would take 13 3/4 years of around the clock construct with over 123.8 million unemployed personal to have all their 75 Galactic Nation's trade routes centralizing into 7 main trade routes throughout their Galactic Nation.
Each of the T.F.R. Galactic states ordered all their state construction company contractors in all their Infrastructure projects and Industries to begin constructed on making to have 3 major Galactic state Trade routes inside their Galactic state to connect all their star systems together to transport trade goods and other valuable materials to their star systems. Each T.F.R. state ordered their construction company contractors in all their Infrastructure projects and Industries in all their star systems to have their own major Trade spaceport hub to receive trade goods and other valuable materials. The T.F.R. State transportation and Industrial centers told their Galactic state governments that it would take 17.1875 years of around the clock construct with over 309.5 million unemployed personal to have all 3 major Galactic state Trade routes inside their Galactic state to connect all their star systems together.
The T.F.R. Galactic government decided to expand their amount of their galactic shipyards across their Galactic Territory. The T.F.R. ordered their Federal construction company contractors to construct 212(6 massive, 20 large, 56 medium and 130 small) Galactic shipyards in 24 star systems in their galactic industrial military complex were dedicated in having shipyards under military control. They would have 2 star systems(Included the Terra system) have 3 massive shipyards to produce their military's super-carriers class warships; 4 star systems(Included the Proxima Centauri system) have 5 large shipyards to produce their Military's battleship class warships; 7 star systems(Included the Russkiy Feniks system) with 8 medium shipyards to produce their military's classes of cruisers and destroyers of warships; Their remaining star systems with 13 small shipyards to produce their military's classes of frigates, Patrol and scout ships. The T.F.R. Federal construction company contractors in all their Infrastructure projects and Industrial centers told the T.F.R. that it would take 21.484 years of around the clock construct with over 132.5 million unemployed personal to have all their Galactic shipyards across their Galactic Territory completed and ready for service throughout their Galactic Nation.
To counter the rising inflation in the Economy the T.F.R. decided to Modify their Planetary Scale Economy into a Galactic Scale Economy. This new economy was a bigger due to the new vast Galactic space and that their old Planetary Scale Economy was outdated. They countered the increasing inflation, by dramatically increase the amount mining Industries to mine more Galactic high valuable resources as well to dramatically increase the production and processing Industries that mine raw building material resources into usable building materials to build their Galactic Civilization faster. The T.F.R. Federal Galactic government ordered roughly 75 of their moderate to Rich resource star systems across their Galactic territory to be under their galactic industrial military complex to become the dedicated in suppling their military with raw unrefined resource materials to maintain their Military and to keep up with their demand.
The T.F.R. ordered 61 of Star systems(Included the Terra System) across their Galactic Territory to become the Scientific research and development star system in their galactic industrial military complex to become the dedicated star systems the focus of Military scientific research and development to develop in new technology and warships for their military to put into production and Facilities to maintain their Military scientific research and development against possible unseen interstellar threats. The T.F.R. Federal construction company contractors in all their Infrastructure projects and Industrial centers told the T.F.R. that it would take 12.2765 years of around the clock construct with over 190.468 million unemployed personal to have all their Galactic scientific research and development center across their Galactic Territory completed and ready for service throughout their Galactic Nation.
They ordered 75 of their Industrial Production and Facilities star systems(Including the Terra System) that supply raw building materials across their Galactic territory to be under their galactic industrial military complex to become the dedicated Industrial Production and Facilities in refining the raw resources material into usable raw building materials to supply their military with raw building materials to maintain their Military shipyards, Arms factories to maintain their ground forces and to keep up with their demand. The T.F.R. Federal construction company contractors in all their Infrastructure projects and Industrial centers told the T.F.R. that it would take 27.622 years of around the clock construction to have all their Galactic Industrial production and facility centers across their Galactic Territory completed and ready for service throughout their Galactic Nation.
The T.F.R. ordered 113 of their star systems(Including the Terra System) across their Galactic Territory that specializes in building, developing and supplying the necessary infrastructure across their galactic territory into their galactic industrial military complex to become the dedicated building, developing and supplying the necessary infrastructure to maintain all their star systems that support rest of the their galactic industrial military complex star systems to maintain their Galactic naval and Ground forces and to keep up with their demand. The T.F.R. Federal construction company contractors in all their Infrastructure projects and Industrial centers told the T.F.R. that it would take 31.074 years of around the clock construction to have all their Galactic Infrastructure star systems across their Galactic Territory completed and ready for service throughout their Galactic Nation.
Over the coming with the expansion of the mining industries and other Galactic Economy services the T.F.R. Unemployment rate dropped back to the T.F.R. Galactic Nation avenge before the Galactic Great Depression .5%. As the years pasted the T.F.R. Galactic Economy would begin to recover at a moderate rate and continue to grow at a Moderate rate. They also began to use and 2 longer numbers than a trillion, they now used the numbers quadrillion and quintillion in they money system now because they know in the future as they will begin to expand farther into the Galaxy and may be more into the universe the more money they will get for having a vast Galactic territory. This new Galactic Economic Market began to use a new type of money called Galactic Credit or Credit for short to replace the U.S. Dollar bill and cents. They replaced dollars and cents system due to large amount of inflation in the Economy and the now vast space of a Market to expand into the Galaxy more. They began to make Galactic Credit bills but they added 1,000 credit bill but took out the use of coin charge(1 cent, 5 cent, 10 cent, 25 cent) because it would be to complication in the Galactic Economic Market. With the New Galactic Economic Market in the T.F.R. Galactic Territory the T.F.R. government had a new bigger area to get more income as they would expand Galactic Territory further into the Galaxy or from trading with other alien races that would want to trade with them. The New Galactic Market the T.F.R. would get a new Market Section for more financial income to run the T.F.R. Galactic government Programs to support their Employees working in the T.F.R. Market to make a living to support themselves and their families. The new section in the T.F.R. Galactic economic market was that it was divided into 3 parts. The 3 new parts were called the Galactic government, the State government and the Star system government markets.
The Galactic Government market would have roughly more than 15 major Galactic companies that competed for making Major contract deals like in galactic construction or on making Galactic Spaceports to build new star-ships to defend the T.F.R. from enemy attack. The State government markets was similar to the Galactic Government market but on a smaller scale. They had more than 10(a total of 25 Galactic state companies) Galactic state companies in their star system to compete for major contact deals like Galactic state construction. The Galactic State government markets once in a while made had an opportunity to for some of their Star system companies to join the Galactic government market. The catch was that if a Galactic state company was very successful in have sufficient amount of the Star system market like 40% and had financial account wealth over 1 quadrillion credits then the company could join the Galactic government market. The Galactic Star system government markets once in a while made had an opportunity to for some of their Star system companies to join the Galactic government market. The catch was that if a Galactic state company was very successful in have sufficient amount of the Star system market like 32.5% and had financial account wealth over 1 trillion credits then the company could join the Galactic state government markets.
The New Galactic economic market also put in new Job positions. A couple of than being a Galactic Engineer made 896,050 credits each year. A Galactic Doctor made 2.395 million credits each year. A Galactic Physicist made 836,400 credits each year. A Galactic astrophysicist made 876,210 credits each year. A Galactic Professor in linguist made 921,400 credits each year.
*The T.F.R. stands for Terran Federal Republic.