This also proves the harshness the economic crisis brought to these private enterprises. A large enterprise that was painstakingly managed could be left with nothing during the economic crisis.
The fact that the shipyard ultimately could be sold for 420,000 Pounds is already quite good. Many enterprises, unable to withstand this economic pressure, could only be sold at one-tenth or even one-twentieth of their value.
The money from the sale also has to repay a large amount of debt caused by the economic crisis; describing it as losing everything is not an exaggeration at all.
Speaking of industrial and technological development, Spain alone striving to catch up with major powers or to bridge the gap is indeed very challenging.
For this reason, Carlo had long found a partner for Spain, which is Italy, a nation sharing the same royal family.
