91 The Great Depression (Part Ten) 6yr

Translator: Kim_GuoEditor: Tehrn

The wealth of Armand Hammer, the chairman of Occidental Petroleum Co., was second only to Rockefeller. In 1931 though, he had not yet entered the oil business and was just a western capitalist with less than ten million dollars.
However, in China and Russia, he was a well-know "Red Capitalist[1]". He was the first western entrepreneur to work with the Soviet Union after the October Revolution and Lenin addressed him as "Comrade Hammer". He was also the first western entrepreneur to visit China by private plane, for which Deng Xiaoping had complimented as "Brave". But the main reason that attracted Huang Xuan was Mr. Hammer's entrepreneural spirit.
Many Chinese thought it was after the East Europe shakeup and the disintegration of the Soviet Union that Russia was leading the world in import and export profits. They are wrong though, as they were making the most profits the year the Soviet Union was formed, and the first to figure that out was Hammer.
In early August of 1921, Hammer joined a delegation going to the Ural region to do an inspection. The situation that he saw when they arrived confused him. On one hand, the region was endowed with treasures and resources such as plat