Reasons of Austrias lack of capital in the 19th century | Digitalstockexchange.info - 0 views
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ivan lahanta on 14 Mar 12Reasons of Austrias lack of capital in the 19th century Chronic lack of capital for Austria during the 19th century. What were the reasons? Why other European nations had not such problems? Following article should bring the reasons of Austrias biggest problem during the 19th century. I hope you enjoy my work. Before 1870 Those two questions are a good reason to make a closer look on the quest to a proper answer. The lack of capital of was huge problem for Austria in times of the industrialization. There was not enough money for important investments, and other countries like France, England, Belgium, Netherlands and also the German nations had an important advantage towards Austria during the Industrial Age. Austrias problem drew itself to the first world war, became worser in the course of the defeat after 4 years of war, and ended in the disaster of the hyperinflation between 1921 and 1923. Only after the second world war Austria was able to join the club of Europes successful industry nations.