To install click the Add extension button. That's it.

The source code for the WIKI 2 extension is being checked by specialists of the Mozilla Foundation, Google, and Apple. You could also do it yourself at any point in time.

4,5
Kelly Slayton
Congratulations on this excellent venture… what a great idea!
Alexander Grigorievskiy
I use WIKI 2 every day and almost forgot how the original Wikipedia looks like.
Live Statistics
English Articles
Improved in 24 Hours
Added in 24 Hours
What we do. Every page goes through several hundred of perfecting techniques; in live mode. Quite the same Wikipedia. Just better.
.
Leo
Newton
Brights
Milds

Economy of the Habsburg monarchy

From Wikipedia, the free encyclopedia

Habsburg monarchy in 1789
Golden ducat of Ferdinand I, minted in Klagenfurt (1555)

Economy of the Habsburg monarchy refers to economic development and financial policies of the Habsburg monarchy, until the creation of the Austrian Empire in 1804. Central state institution, that oversaw economic and financial affairs in Habsburg lands, was the Court Chamber (German: Hofkammer), also known as the Aulic Chamber (Latin: Camera Aulica), formed in 1527 by Ferdinand I, and centered in Vienna.[1]

YouTube Encyclopedic

  • 1/3
    Views:
    37 867
    337 400
    578 428
  • Essential Austrian Economics: What is Austrian Economics?
  • Hansa - Northern Silk Road - Economic History DOCUMENTARY
  • Enlightened Monarchs: Crash Course European History #19

Transcription

History

With the abolition of serfdom in the 18th century, the Habsburg monarchy, with the major industrial, mining areas and forestry of regions Moravia and Bohemia leading the way, began to experience unprecedented economic growth. Beginning in 1841 per capita annual growth in the Habsburg monarchy approached 3.6 percent, a number rivaling that of neighboring Germany. While this growth was rapid and astonishing, it was not sustained.

Austria started experiencing its first sustained industrial development in the 1820s. Despite not being part of Prussia's Zollverein, Austrian production of pig iron, coal, cotton textiles, woolens and foodstuffs was growing faster than in the other German states. All restrictions on new enterprises (including those engaged in commerce) were lifted after the death of Francis I. The Austrians also built the second horse-drawn railway in the European continent (Linz-Budweis). Work on a steam railway heading north from Vienna started in 1836, when the revolutions broke out the monarchy contained more than 1,600 km of track. Steam navigation began on the Danube in 1830 and expanded quickly.[2] Urban expansion of Vienna occurred and the population reached 400,000.[3] Austria and Bohemia had a strong textile industry back then, there were steel and manufacturing settlements and factories for the production of glass and paper. The first attempts at mechanization, concentrated in the textile sector and the steel industry, date from between 1830 and 1847.[4]

Within the next decade, a period of stagnation occurred, while other European countries began to experience a continued, steady growth. This slow down can be accredited, for the most part, to a period of ongoing war, beginning in 1848 and ending in 1866 with the Habsburgs' defeat by Prussia. This period of war, and a mounting budget deficit, took resources away from private industry, which discouraged industrial growth. This factor eventually brought the economy to a halt in the years after 1855 and Prussia also began to overtake Austria in industrial output rapidly, which eventually led to the Austrian defeat in 1866. Prussia produced five times more coal & iron and by 1870 its railway had twice the length of Austria's.[5]

The Habsburgs' wars in the mid 19th century caused considerable economic backwardness through the rest of the 19th century. As other European economies had grown from the 1850s on, the Habsburgs' had shrunk, a consequence of the Habsburgs' continuing wars and Eastern Europe's continuing neutrality.

See also

References

  1. ^ Fodor & Dávid 2000, p. 35.
  2. ^ Roider, Karl. "The Age of Metternich". The Age of Metternich, 1815–48. Karl A. Roider.
  3. ^ "History of Austria, Austria in the Age of Metternich." History of Austria, Austria in the Age of Metternich. N.p., n.d. Web. 24 March 2015.
  4. ^ Victor-L. Tapie: The Rise and Fall of the Habsburg Monarchy PAGE: 267
  5. ^ "Why unification was achieved in Germany". Why unification was achieved in Germany.

Sources

External links

This page was last edited on 21 September 2023, at 00:42
Basis of this page is in Wikipedia. Text is available under the CC BY-SA 3.0 Unported License. Non-text media are available under their specified licenses. Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc. WIKI 2 is an independent company and has no affiliation with Wikimedia Foundation.