Passing of the Dynamic Economic Act

Financial Event

The Dynamic Economy Act authorised nationalisation of various private entities in the Lordanian Cluster. The bill was passed with support from most parties. In an interplanetary con, the Senate of Lordania made itself considerably richer than the rest of the Second Republic, causing many states of the Republic to effectively go bankrupt overnight, owing tremendous debt to Lordanian companies.

The Dynamic Economy Act was a bill passed by the Second Lordanian Republic‌ that authorised a nationalisation of various private entities in the Lordanian Cluster‌. The bill had been presented as a means of empowering state corporations with the ability to kick-start the economy. The bill was heavily pushed by representatives of the Lordanian Unitary Republic‌, who presented the bill as as the sensible conservative option to rebuild after the economic and political crisis of the 30s. It was supported by the United Nouveaulyon Socialist Republics‌, who had already nationalised most of their economies and looked favourably upon nationalised interstellar organisations, which had all existed as private entities until this point. The bill was passed with support from most parties.   With the bill in place, Lordania revealed its true intent. It nationalised many of the planet's private entities, and created many interstellar state corporations, owned and funded by their friends. In an interplanetary con, the Senate of Lordania made itself considerably richer than the rest of the Second Republic, causing many states of the Republic to effectively go bankrupt overnight, owing tremendous debt to Lordanian companies. First the Cinuan Government collapsed, bringing down the Lordanian Dollar, and causing the Lordanian Economic Collapse of ‘53‌.   The collapse only served to increase the power of state corporations, and the resentment of the common people, who responded in the Election of '60‌ by voting the Unitarian Party‌.