Streeruwitz Government
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Streeruwitz Government
In Austrian politics, the Streeruwitz government (german: Regierung Streeruwitz) was a short-lived right-of-center coalition government led by Ernst Streeruwitz, in office from May 4, 1929 to September 26, 1929. The coalition consisted of the Christian Social Party, the Greater German People's Party, and the Landbund. Although its majority in the National Council was narrow, it was a broad alliance sociologically; the coalition represented much of the middle class as well as most of the agricultural sector, along with banking and industrial interests. Its main opponents were the Social Democratic Party to the left and the extra-parliamentary Heimwehr movement to the right. Assembled with some difficulty after the abrupt resignation of the fifth Seipel government, one of the main goals of the Streeruwitz cabinet was to mitigate Austria's enduring economic crisis. Another main goal was to reach a compromise with the Heimwehr, who were aiming to transform Austria from a parliament ...
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Austria
Austria, , bar, Östareich officially the Republic of Austria, is a country in the southern part of Central Europe, lying in the Eastern Alps. It is a federation of nine states, one of which is the capital, Vienna, the most populous city and state. A landlocked country, Austria is bordered by Germany to the northwest, the Czech Republic to the north, Slovakia to the northeast, Hungary to the east, Slovenia and Italy to the south, and Switzerland and Liechtenstein to the west. The country occupies an area of and has a population of 9 million. Austria emerged from the remnants of the Eastern and Hungarian March at the end of the first millennium. Originally a margraviate of Bavaria, it developed into a duchy of the Holy Roman Empire in 1156 and was later made an archduchy in 1453. In the 16th century, Vienna began serving as the empire's administrative capital and Austria thus became the heartland of the Habsburg monarchy. After the dissolution of the H ...
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Authoritarianism
Authoritarianism is a political system characterized by the rejection of political plurality, the use of strong central power to preserve the political '' status quo'', and reductions in the rule of law, separation of powers, and democratic voting. Political scientists have created many typologies describing variations of authoritarian forms of government. Authoritarian regimes may be either autocratic or oligarchic and may be based upon the rule of a party or the military. States that have a blurred boundary between democracy and authoritarianism have some times been characterized as "hybrid democracies", "hybrid regimes" or "competitive authoritarian" states. The political scientist Juan Linz, in an influential 1964 work, ''An Authoritarian Regime: Spain'', defined authoritarianism as possessing four qualities: # Limited political pluralism, is realized with constraints on the legislature, political parties and interest groups. # Political legitimacy is based upon appeals to ...
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Vienna
en, Viennese , iso_code = AT-9 , registration_plate = W , postal_code_type = Postal code , postal_code = , timezone = CET , utc_offset = +1 , timezone_DST = CEST , utc_offset_DST = +2 , blank_name = Vehicle registration , blank_info = W , blank1_name = GDP , blank1_info = € 96.5 billion (2020) , blank2_name = GDP per capita , blank2_info = € 50,400 (2020) , blank_name_sec1 = HDI (2019) , blank_info_sec1 = 0.947 · 1st of 9 , blank3_name = Seats in the Federal Council , blank3_info = , blank_name_sec2 = GeoTLD , blank_info_sec2 = .wien , website = , footnotes = , image_blank_emblem = Wien logo.svg , blank_emblem_size = Vienna ( ; german: Wien ; ba ...
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Hard Currency
In macroeconomics, hard currency, safe-haven currency, or strong currency is any globally traded currency that serves as a reliable and stable store of value. Factors contributing to a currency's ''hard'' status might include the stability and reliability of the respective state's legal and bureaucratic institutions, level of corruption, long-term stability of its purchasing power, the associated country's political and fiscal condition and outlook, and the policy posture of the issuing central bank. Safe haven currency is defined as a currency which behaves like a hedge for a reference portfolio of risky assets conditional on movements in global risk aversion. Conversely, a weak or soft currency is one which is expected to fluctuate erratically or depreciate against other currencies. Softness is typically the result of weak legal institutions and/or political or fiscal instability. History The paper currencies of some developed countries have earned recognition as hard curr ...
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Austerity
Austerity is a set of political-economic policies that aim to reduce government budget deficits through spending cuts, tax increases, or a combination of both. There are three primary types of austerity measures: higher taxes to fund spending, raising taxes while cutting spending, and lower taxes and lower government spending. Austerity measures are often used by governments that find it difficult to borrow or meet their existing obligations to pay back loans. The measures are meant to reduce the budget deficit by bringing government revenues closer to expenditures. Proponents of these measures state that this reduces the amount of borrowing required and may also demonstrate a government's fiscal discipline to creditors and credit rating agencies and make borrowing easier and cheaper as a result. In most macroeconomic models, austerity policies which reduce government spending lead to increased unemployment in the short term. These reductions in employment usually occur di ...
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League Of Nations
The League of Nations (french: link=no, Société des Nations ) was the first worldwide intergovernmental organisation whose principal mission was to maintain world peace. It was founded on 10 January 1920 by the Paris Peace Conference that ended the First World War. The main organization ceased operations on 20 April 1946 but many of its components were relocated into the new United Nations. The League's primary goals were stated in its Covenant. They included preventing wars through collective security and disarmament and settling international disputes through negotiation and arbitration. Its other concerns included labour conditions, just treatment of native inhabitants, human and drug trafficking, the arms trade, global health, prisoners of war, and protection of minorities in Europe. The Covenant of the League of Nations was signed on 28 June 1919 as Part I of the Treaty of Versailles, and it became effective together with the rest of the Treaty on 10 January 1920. T ...
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Austrian Schilling
The schilling (German language, German: ''Schilling'') was the currency of Austria from 1925 to 1938 and from 1945 to 1999, and the circulating currency until 2002. The euro was introduced at a fixed parity of €1 = 13.7603 schilling to replace it. The schilling was divided into 100 groschen. History Following the Carolingian coin reform in AD 794, new units of account were introduced including the ''schilling (coin), schilling'' which consisted of 12 silver ''pfennigs''. It was initially only a coin of account but later became an actual coin produced in many European countries. Before the modern Austrian schilling The currencies predating the schilling include: * The Florin, florin, in existence as a currency of the Holy Roman Empire since the 16th century, divided into 8 ''Schillings'' = 60 ''Kreuzer'' = 240 ''Pfennigs'' * The Austro-Hungarian florin after 1857, divided into 100 ''Neukreuzer'' * The Austro-Hungarian crown, introduced in 1892 upon adoption of the gold stand ...
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Hyperinflation
In economics, hyperinflation is a very high and typically accelerating inflation. It quickly erodes the real value of the local currency, as the prices of all goods increase. This causes people to minimize their holdings in that currency as they usually switch to more stable foreign currencies. When measured in stable foreign currencies, prices typically remain stable. Unlike low inflation, where the process of rising prices is protracted and not generally noticeable except by studying past market prices, hyperinflation sees a rapid and continuing increase in nominal prices, the nominal cost of goods, and in the supply of currency. Typically, however, the general price level rises even more rapidly than the money supply as people try ridding themselves of the devaluing currency as quickly as possible. As this happens, the real stock of money (i.e., the amount of circulating money divided by the price level) decreases considerably.Bernholz, Peter 2003, chapter 5.3 Almost all ...
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First Austrian Republic
The First Austrian Republic (german: Erste Österreichische Republik), officially the Republic of Austria, was created after the signing of the Treaty of Saint-Germain-en-Laye on 10 September 1919—the settlement after the end of World War I which ended the Habsburg rump state of Republic of German-Austria—and ended with the establishment of the Austrofascist Federal State of Austria based upon a dictatorship of Engelbert Dollfuss and the Fatherland's Front in 1934. The Republic's constitution was enacted on 1 October 1920 and amended on 7 December 1929. The republican period was increasingly marked by violent strife between those with left-wing and right-wing views, leading to the July Revolt of 1927 and the Austrian Civil War of 1934. Foundation In September 1919, the rump state of German-Austria– now effectively reduced to the Alpine and Danubian crownlands of the Austrian Empire – was given reduced borders by the Treaty of Saint Germain, which ceded German-popula ...
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Kingdom Of Hungary (1920–46)
The Kingdom of Hungary was a monarchy in Central Europe that existed for nearly a millennium, from the Middle Ages into the 20th century. The Principality of Hungary emerged as a Christian kingdom upon the coronation of the first king Stephen I at Esztergom around the year 1000;Kristó Gyula – Barta János – Gergely Jenő: Magyarország története előidőktől 2000-ig (History of Hungary from the prehistory to 2000), Pannonica Kiadó, Budapest, 2002, , p. 687, pp. 37, pp. 113 ("Magyarország a 12. század második felére jelentős európai tényezővé, középhatalommá vált."/"By the 12th century Hungary became an important European factor, became a middle power.", "A Nyugat részévé vált Magyarország.../Hungary became part of the West"), pp. 616–644 his family (the Árpád dynasty) led the monarchy for 300 years. By the 12th century, the kingdom became a European middle power within the Western world. Due to the Ottoman occupation of the central and south ...
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Miklós Horthy
Miklós Horthy de Nagybánya ( hu, Vitéz nagybányai Horthy Miklós; ; English: Nicholas Horthy; german: Nikolaus Horthy Ritter von Nagybánya; 18 June 1868 – 9 February 1957), was a Hungarian admiral and dictator who served as the Regent of Hungary, regent of the Kingdom of Hungary (1920–1946), Kingdom of Hungary Hungary between the two world wars, between the two World Wars and throughout most of World War II – from 1 March 1920 to 15 October 1944. Horthy started his career as a Junior_lieutenant, sub-lieutenant in the Austro-Hungarian Navy in 1896 and attained the rank of rear admiral in 1918. He saw action in the Battle of the Strait of Otranto (1917), Battle of the Strait of Otranto and became Commander-in-chief, commander-in-chief of the Navy in the last year of World War I; he was promoted to vice admiral and commander of the Fleet when Charles I of Austria, Emperor-King Charles dismissed the previous admiral from his post following mutinies. During the revolution ...
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