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It's a sandbox, average settings for everything pretty much.
Same.
That makes sense, but you're right, it is odd phrasing.
Second, my guess is your economy tanks around this time because that is when your tropicans start retiring and are now a burden to your economy. Combined with the lower export prices of the world war period and you have a recipe for disaster.
So do I just have to do nothing for 10 years, or what?
Playing missions on hard this edict seems to be mandatory for me to use, it's amazing. Hopefully I can review the save file after work but seriously that one edict can be a lifesaver.
Also remember that your plantations and other colonial era goods loose some of their value as you advance. My strongest economies have had a few very focused industries and I try to keep them as modern as possible. Getting a power plant to get some big upgrades on important buildings is very useful, along with getting government buildings to stimulate export prices and improve efficiencies across the island.
Yeah, I've genuinely tried out every mix and match of edicts, lowering budget, raising budget, etc.
Nothing seems to work.
If it is supposed to be the Great Depression, I'll agree, that's very cool. But they should give you a heads up or tell you when it's going on.