April 1876.
Germany, having been hit by a new wave of economic crisis, was evidently dissatisfied, especially the Junker nobility who wanted to take advantage of the situation but ended up losing more than they gained.
In the Imperial Parliament, a Prussian representative said, "The root cause of this new wave of economic crisis in Germany is still because we, Germany, lack the vast colonies and populations like those of Britain and France to absorb our agricultural and industrial products. Nor do we have the vast territory and rich resources like the United States to offset the crisis. Therefore, as a significant political power in the world, Germany must possess its own colonies. It is unreasonable that Germany's current international status is not matched with corresponding colonies."
