Economy Of The Habsburg Monarchy
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Economy Of The Habsburg Monarchy
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'' ( la, Camera Aulica), formed in 1527 by Ferdinand I, and centered in Vienna. 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, Aus ...
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Habsburg Monarchy 1789
The House of Habsburg (), alternatively spelled Hapsburg in Englishgerman: Haus Habsburg, ; es, Casa de Habsburgo; hu, Habsburg család, it, Casa di Asburgo, nl, Huis van Habsburg, pl, dom Habsburgów, pt, Casa de Habsburgo, la, Domus Habsburg, french: Maison des Habsbourg and also known as the House of Austriagerman: link=no, Haus Österreich, ; es, link=no, Casa de Austria; nl, Huis van Oostenrijk, pl, dom Austrii, la, Domus Austriæ, french: Maison d'Autriche; hu, Ausztria Háza; it, Casa d'Austria; pt, Casa da Áustria is one of the most prominent and important dynasties in European history. The house takes its name from Habsburg Castle, a fortress built in the 1020s in present-day Switzerland by Radbot of Klettgau, who named his fortress Habsburg. His grandson Otto II was the first to take the fortress name as his own, adding "Count of Habsburg" to his title. In 1273, Count Radbot's seventh-generation descendant Rudolph of Habsburg was elected King of the Rom ...
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Budweis–Linz–Gmunden Horse-Drawn Railway
The Budweis-Linz-Gmunden Horse-Drawn Railway (German: ''Pferdeeisenbahn Budweis–Linz–Gmunden''; Czech: ''Koněspřežná dráha České Budějovice–Linec–Gmunden'') was the second public railway line to be opened in mainland Europe (after the Saint-Étienne–Andrézieux railway). It opened in stages between 1827 and 1836, and principally served the transport of salt from the Upper Austrian Salzkammergut to Bohemia. In 1855 and 1856, the stretch between Linz and Gmunden was changed to a steam service. This switch over was not possible in the mountainous stretch between Linz and Budweis (České Budějovice) due to tight curvature radii and steep climbs. By 1873, a replacement line between Linz and České Budějovice was built, mostly along another route, and allowed for a steam service. The horse-drawn service was closed in December 1872. Early History The First Plans The salt trade between the Salzkammergut, or rather Salzburg, and the inhabitants of the Bohemia ...
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Economic History Of Croatia
The economy of Croatia is a high-income service based social market economy with the tertiary sector accounting for 70% of total gross domestic product (GDP). Croatia joined the World Trade Organization in 2000, NATO in 2009 and became a member of the European Union on 1 July 2013. Croatia is about to Join the Eurozone on January 1st 2023 and adopt € as national currency. On the same date Croatia will also join the Schengen Area as 28th member of the organization. Croatia is also negotiating membership of OECD organization, which it hopes to join in coming years. the 2008 Global Financial Crisis badly affected Croatian economy which saw significant downturn in economic growth as well as progress in economic reform which resulted in six years of recession and a cumulative decline in GDP of 12.5%. Croatia formally emerged from the recession in the fourth quarter of 2014, and had continuous GDP growth until 2020. The Croatian economy reached pre crisis levels in 2019, but due t ...
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Economic History Of Slovenia
The economy of Slovenia is a developed economy, and the country enjoys a high level of prosperity and stability as well as above-average GDP per capita by purchasing power parity at 83% of the EU28 average in 2015. Nominal GDP in 2022 is 62.191 billion USD, nominal GDP per capita (GDP/pc) in 2022 is USD 29,469. The highest GDP/pc is in central Slovenia, where the capital city Ljubljana is located. It is part of the Western Slovenia statistical region, which has a higher GDP/pc than eastern Slovenia. In January 2007, Slovenia became the first member to have both joined the European Union and adopted the euro since the currency's creation in 1999. It has also been a member of the Organisation for Economic Co-operation and Development since 2010. Slovenia has a highly educated workforce, well-developed infrastructure, and is situated at a major transport crossroad. The level of foreign direct investment is one of the lowest but has been steadily rising in the last few years. Th ...
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Economic History Of The Czech Republic
The economy of the Czech Republic is a developed export-oriented social market economy based in services, manufacturing, and innovation that maintains a high-income welfare state and the European social model.Christian Aspalter, Kim Jinsoo, Park SojeungAnalysing the Welfare State in Poland, the Czech Republic, Hungary and Slovenia: An Ideal-Typical Perspective Published on 10 March 2009. DOI: 10.1111/j.1467-9515.2009.00654.x The Czech Republic participates in the European Single Market as a member of the European Union, and is therefore a part of the economy of the European Union. It uses its own currency, the Czech koruna, instead of the euro. It is a member of the Organisation for Economic Co-operation and Development (OECD). The Czech Republic ranks 12th in inequality-adjusted human development and 24th in World Bank Human Capital Index, ahead of countries such as the United States, the United Kingdom or France. It was described by ''The Guardian'' as "one of Europe’ ...
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Economic History Of Slovakia
The economy of Slovakia is based upon Slovakia becoming an EU member state in 2004, and adopting the euro at the beginning of 2009. Its capital, Bratislava, is the largest financial centre in Slovakia. As of Q1 2018, the unemployment rate was 5.72%. Due to the Slovak GDP growing very strongly from 2000 until 2008 – e.g. 10.4% GDP growth in 2007 – the Slovak economy was referred to as the Tatra Tiger. History Since the establishment of the Slovak Republic in January 1993, Slovakia has undergone a transition from a centrally planned economy to a free market economy, a process which some observers were to believe was slowed in the 1994–98 period due to the crony capitalism and other fiscal policies of Prime Minister Vladimír Mečiar's government. While economic growth and other fundamentals improved steadily during Mečiar's term, public and private debt and trade deficits also rose, and privatization was uneven. Real annual GDP growth peaked at 6.5% in 1995 but declined to ...
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Economic History Of Hungary
The economy of Hungary is a high-income economy, high-income mixed economy, ranked as the List of countries by economic complexity, 9th most complex economy according to the Economic Complexity Index. Hungary is a member of the OECD, Organisation for Economic Co-operation and Development (OECD) with a List of countries by Human Development Index, very high human development index and a skilled labour force, with the List of countries by income equality, 13th lowest income inequality in the world. The Hungarian economy is the List of countries by GDP (PPP), 54th-largest economy in the world (out of 188 countries measured by IMF) with $265.037 billion annual output, and ranks List of countries by GDP (PPP) per capita, 41st in the world in terms of GDP per capita measured by purchasing power parity. Hungary has an export-oriented market economy with a heavy emphasis on foreign trade; thus the country is the List of countries by exports, 35th largest export economy in the world. The c ...
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Economic History Of Austria
The economy of Austria is a Developed country, developed social market economy, with the country being one of the fourteen List of countries by GDP (nominal) per capita, richest in the world in terms of GDP (gross domestic product) per capita. Until the 1980s, many of Austria's largest industry firms were nationalised. In recent years, Privatization, privatisation has reduced state holdings to a level comparable to other European economies. Labour movements are particularly strong in Austria, and they have a large influence on labour politics. Next to a highly developed industry, international tourism is the most important part of the national economy. The economy of Austria's average GDP is 13th growth in OECD countries, from 1992 to 2017. In Austria, 1.37% over average population growth is the strong factor. Germany has historically been the main trading partner of Austria, making the Austrian economy vulnerable to rapid changes in the German economy. However, since Austria b ...
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Federal Ministry Of Finance (Austria)
The Ministry of Finance (german: Bundesministerium für Finanzen) is the government ministry of Austria responsible for the collection of taxes and customs as well as the administration of fiscal and economic policy. It oversees the Revenue Service, the Revenue Service for Large Businesses, the Financial Police, and various other agencies. It is headquartered in the Winter Palace of Prince Eugene, Vienna. The current Minister is Magnus Brunner. Structure and function The Ministry is responsible for revenue administration at the federal level, including the government budget, matters of finance concerning the European Union, taxes, duties and tariffs. It defines and conducts the country's budgetary policy concerning currency, credit, savings banks ( Sparkassen) and exchange matters, capital movements and settlement, insurance control and hallmarks. It is also concerned with economic policy, if not discharged by the Ministry of Economy. The Finance Minister and the General ...
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Economy Of Austria-Hungary
The economy of Austria-Hungary changed slowly during the existence of the Dual Monarchy, 1867-1918. The capitalist way of production spread throughout the Empire during its 50-year existence replacing medieval institutions. In 1873, the old capital Buda and Óbuda (Ancient Buda) merged with the third city, Pest, thus creating the new metropolis of Budapest. The dynamic Pest grew into Hungary's administrative, political, economic, trade and cultural hub. Many of the state institutions and the modern administrative system of Hungary were established during this period. It was a large, heavily rural country with wealth and income levels a bit below the European average. Growth rates were similar to Europe as a whole. After 1895. migration became a major factor, with most headed to the United States. Background The Habsburg realms included 23 million inhabitants in 1800, growing to 36 million by 1870, third in population size behind Russia and Germany. Nationally the per capita rate ...
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Prussia
Prussia, , Old Prussian: ''Prūsa'' or ''Prūsija'' was a German state on the southeast coast of the Baltic Sea. It formed the German Empire under Prussian rule when it united the German states in 1871. It was ''de facto'' dissolved by an emergency decree transferring powers of the Prussian government to German Chancellor Franz von Papen in 1932 and ''de jure'' by an Allied decree in 1947. For centuries, the House of Hohenzollern ruled Prussia, expanding its size with the Prussian Army. Prussia, with its capital at Königsberg and then, when it became the Kingdom of Prussia in 1701, Berlin, decisively shaped the history of Germany. In 1871, Prussian Minister-President Otto von Bismarck united most German principalities into the German Empire under his leadership, although this was considered to be a "Lesser Germany" because Austria and Switzerland were not included. In November 1918, the monarchies were abolished and the nobility lost its political power during the Ger ...
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Francis II, Holy Roman Emperor
Francis II (german: Franz II.; 12 February 1768 – 2 March 1835) was the last Holy Roman Emperor (from 1792 to 1806) and the founder and Emperor of the Austrian Empire, from 1804 to 1835. He assumed the title of Emperor of Austria in response to the coronation of Napoleon as Emperor of the French. Soon after Napoleon created the Confederation of the Rhine, Francis abdicated as Holy Roman Emperor. He was King of Hungary, Croatia and Bohemia. He also served as the first president of the German Confederation following its establishment in 1815. Francis II continued his leading role as an opponent of Napoleonic France in the Napoleonic Wars, and suffered several more defeats after the Battle of Austerlitz. The marriage of his daughter Marie Louise of Austria to Napoleon on 10 March 1810 was arguably his severest personal defeat. After the abdication of Napoleon following the War of the Sixth Coalition, Austria participated as a leading member of the Holy Alliance at the Congress ...
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