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Economy of Austria-Hungary

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175:) to 1851, the Kingdom of Hungary maintained its own customs controls, which separated it from the other parts of the Habsburg-ruled territories. After 1867, the Austrian and Hungarian customs union agreement had to be renegotiated and stipulated every ten years. The agreements were renewed and signed by Vienna and Budapest at the end of every decade because both countries hoped to derive mutual economic benefit from the customs union. The Austrian Empire and the Kingdom of Hungary contracted their foreign commercial treaties independently of each other. 266:
for iron and steel, coal, rolling stock, terminals, yards, construction projects, skilled workers and manual labor. Although much of the engineering expertise was imported, most of the labor and materials were provided by the empire itself. When Austria and Hungary united in 1867, 6000 km of lines had been built, chiefly in the more industrialized Austria. Quickly all the major cities were linked together by 7600 km of new lines. This promoted rapid industrialization around Vienna, Bohemia, and Silesia. The worldwide economic
151:, led to an even more rapid economic growth throughout Austria-Hungary by the early 20th century. The most important trading partner was Germany (1910: 48% of all exports, 39% of all imports), followed by Great Britain (1910: almost 10% of all exports, 8% of all imports). Trade with the geographically neighboring Russia, however, had a relatively low weight (1910: 3% of all exports /mainly machinery for Russia, 7% of all imports /mainly raw materials from Russia). In the Galician north, the 19: 50:
relatively little international trade. In the Alpine and Bohemian regions, proto-industrialization at begun by 1750, and became the center of the first phases of the industrial revolution after 1800. The textile industry was the main factor, utilizing mechanization, steam engines, and the factory system. Much of machinery was purchased from the British.
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replacement of charcoal by coal, introduction of steam engine, and the rolling regard. The first steam engine appeared in 1816 but the abundance of water power slowed its dissemination. Hungary was heavily rural with little industry before 1870. The first machine building factories appeared in the 1840s.
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is a Hungarian manufacturer of light bulbs and vacuum tubes since 1896. On 13 December 1904, Hungarian SĂĄndor Just and Croatian Franjo Hanaman were granted a Hungarian patent (No. 34541) for the world's first tungsten filament lamp. The tungsten filament lasted longer and gave brighter light than the
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growing industries, Vienna raised tariffs in the 1870s and 1880s . As a result economic growth was strong as the GNP doubled from 1870 to 1913. Austria-Hungary grew by 93%, compared to growth of 115% for the remainder of Europe. Per capita growth of wealth was slightly higher than the rest of Europe.
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The Austro-Hungarian Empire realized it needed railways for it had a large population and large territory where travel was difficult. It needed long lines to coastal ports on the Black Sea and the Adriatic Sea. The railway system was built for light duty traffic. The system provided a local demand
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Foreign investment in the Empire, 1870 to 1913, was dominated by Germany, followed by France, and to a lesser extent Great Britain. However Austria exported more capital than it imported. Foreign trade during this period, imports plus exports, averaged about a fourth of Austria's GNP. To protect its
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In the Bohemian regions, machine spinning started later and only became a major factor by 1840. Bohemia's resources were successfully exploited, growing 10% a year. The iron industry had developed in the Alpine regions after 1750, with smaller centers in Bohemia and Moravia. Key factors included the
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The two most important trading partners were traditionally Germany (1910: 48% of all exports, 39% of all imports), and Great Britain (1910: almost 10% of all exports, 8% of all imports), the third most important partner was the United States, it followed by Russia, France, Switzerland, Romania, the
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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,
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Although of lighter weight and not as well-managed as the German lines, the Austro-Hungarian system played a major role in supporting the Army in the First World War. Half of the rolling stock was reserved for the Army, and the rest was being run down and cannibalized. The system was in virtual
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By the end of the 19th century, economic differences gradually began to even out, as economic growth in the eastern parts of the Empire consistently surpassed that in the western. The Empire built up the fourth-largest machine building industry of the world, after the United States, Germany, and
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per capita grew roughly 1.76% per year from 1870–1913. That level of growth compared very favorably to that of other European nations such as Britain (1%), France (1.06%), and Germany (1.51%). However, in a comparison with Germany and Britain: the Austro-Hungarian economy as a whole still lagged
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of Budapest, determined that open-core devices were impractical, as they were incapable of reliably regulating voltage. When employed in parallel connected electric distribution systems, closed-core transformers finally made it technically and economically feasible to provide electric power for
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By 1913, the population of Austria-Hungary plus Bosnia-Herzegovina was 53 million, compared to 171 million in Russia, 67 million in Germany, 40 million in France, and 35 million in Italy, as well as 98 million in the United States. The population was heavily rural, with 67% of the workforce in
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lighting in homes, businesses and public spaces. The other essential milestone was the introduction of 'voltage source, voltage intensive' (VSVI) systems' by the invention of constant voltage generators in 1885. BlĂĄthy had suggested the use of closed cores, Zipernowsky had suggested the use of
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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 of industrial growth averaged about 3% between 1818 and 1870. However there were strong regional differences. That was
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from Vienna to Constantinople was a prestige line, but added little to the economy. After 1900 a new major factor was outward emigration – over 2 million left for the United States in 1900–1914. By 1914 43,280 km were in operation, exceeded in length only by Russia and Germany.
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for the Navy. The company went bankrupt in 1874 and in the following year Whitehead bought it to establish the Whitehead & Co. Next to torpedoes the company went on to produce submarines during WWI. On the Danube, the DDSG had established the Óbuda Shipyard on the Hungarian
537:(1916), and Marta in Arad (1914). During the First World War, fighter planes, bombers and reconnaissance planes were produced in these factories. The most important aero-engine factories were Weiss Manfred Works, GANZ Works, and Hungarian Automobile Joint-stock Company Arad. 82:
agriculture in 1870, and 60% in 1913. They concentrated in grain production, not livestock. Only 16% of the workforce was employed by industry in 1870, rising to 22%. The output of coal, iron and beer was comparable to Belgium, which had only one sixth the population.
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Austria-Hungary was a large, heavily rural country with wealth and income levels comparable to France or the USA in 1870. Growth rates were similar to Europe as a whole. After 1895 emigration became a major factor, with most headed to the United States.
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Great Britain. Austria-Hungary was also the world's third largest manufacturer and exporter of electric home appliances, electric industrial appliances and facilities for power plants, after the United States and the German Empire.
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The first Hungarian water turbine was designed by the engineers of the Ganz Works in 1866, the mass production with dynamo generators started in 1883. The manufacturing of steam turbo generators started in the Ganz Works in 1903.
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Balkan states and South America. Trade with the geographically neighbouring Russia, however, had a relatively low weight (1910: 3% of all exports /mainly machinery for Russia, 7% of all imports /mainly raw materials from Russia).
529:) was flown at RákosmezƑ on 4 November 1909. The earliest Hungarian airplane with Hungarian built radial engine was flown in 1913. Between 1912 and 1918, the Hungarian aircraft industry began developing. The three greatest: 134:
and Vienna, excelled in various manufacturing industries. However, since the turn of the twentieth century, the Austrian half of the Empire could preserve its dominance within the empire in the sectors of the first
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in the 1860s, Hungary became the world's second-largest exporter of flour after the United States, and Budapest the world's largest flour-milling centre. Meanwhile, western areas, concentrated mainly around
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The first Hungarian telephone factory (Factory for Telephone Apparatuses) was founded by JĂĄnos Neuhold in Budapest in 1879, which produced telephones microphones, telegraphs, and telephone exchanges.
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The first Hungarian hydrogen-filled experimental balloons were built by IstvĂĄn Szabik and JĂłzsef Domin in 1784. The first Hungarian designed and produced airplane (powered by a Hungarian built
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Richard L. Rudolph: Banking and Industrialization in Austria–Hungary: The Role of Banks in the Industrialization of the Czech Crownlands, 1873–1914, Cambridge University Press, 2008 (page 17)
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was founded in 1913. Its main profiles were the production of electrical switches, sockets, wires, incandescent lamps, electric fans, electric kettles, and various household electronics.
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traditional carbon filament. Tungsten filament lamps were first marketed by the Hungarian company Tungsram in 1904. This type is often called Tungsram-bulbs in many European countries.
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Kurt Bauer (2003), Faszination des Fahrens: unterwegs mit Fahrrad, Motorrad und Automobil (in German), Böhlau Verlag Wien, Kleine EnzyklopĂ€die des Fahrens, "Lohner", pp. 250–1
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of Hungary with its center at Budapest became predominant within the Empire and made up a large proportion of the export to the rest of Europe. Following the invention of the
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and to the Carpathian lands. As a result, wide disparities of development existed within the Empire. In general, the western areas became more developed than the eastern.
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political, economic, trade and cultural hub. Many of the state institutions and the modern administrative system of Hungary were established during this period.
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1857: 417:. Hungarian car production started in 1900. Automotive factories in the Kingdom of Hungary manufactured motorcycles, cars, taxicabs, trucks and buses. 1867: 467:
Despite the long experimentation with vacuum tubes at Tungsram company, the mass production of radio tubes begun during WW1, and the production of
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In 1884, the Tungsram company also started to produce microphones, telephone apparatuses, telephone switchboards and cables.
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Hungarian Aircraft Factory (1914), Hungarian General Aircraft Factory (1916), Hungarian Lloyd Aircraft, Engine Factory at
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company in Budapest (steam engines and wagons) and the Ganz company in Budapest (steam engines, wagons, the production of
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such as locomotives, steam engines and wagons, but also bridges and other iron structures, were installed in Vienna (
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The largest shipyard in the dual monarchy and a strategic asset for the Austro-Hungarian Navy was the
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The Hungarian factories producing rolling stock as well as bridges and other iron structures were the
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Prior to World War I, the Kingdom of Hungary had four car manufacturer companies. These were: the
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Prior to World War I, the Austrian Empire had five car manufacturer companies. These were:
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ended the construction boom. After 1880 three-fourths of the lines were nationalized. The
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in 1835. The largest Hungarian shipbuilding company was the Ganz-Danubius.
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company also started the production of steam turbines for alternators.
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the country became the 4th biggest machine manufacturer in the world.
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Archived from 1352: 1344: 1338: 1337: 1335:ZBD transformer. 1318: 1308: 1302: 1296: 1290: 1283: 1277: 1276: 1274: 1272: 1266: 1259: 1255:"Induction Coil" 1250: 1244: 1243: 1241: 1239: 1224: 1218: 1217: 1199: 1193: 1190: 1184: 1181: 1175: 1174: 1172: 1170: 1155: 1149: 1146: 1140: 1137: 1131: 1128: 1122: 1119: 1113: 1112: 1101: 1095: 1092: 1086: 1083: 1077: 1070: 1064: 1057: 1051: 1050: 1048: 1046: 1031: 1025: 1024: 1017: 1011: 1010: 1003: 997: 996: 994: 987: 979: 973: 972: 964: 958: 957: 945: 937: 928: 925: 919: 918: 910: 904: 903: 901: 899: 887: 881: 880: 862: 856: 855: 853: 851: 835: 829: 828: 805: 799: 798: 791: 785: 784: 778: 773: 771: 763: 755: 749: 748: 742: 737: 735: 727: 720: 714: 703: 697: 696:2:8, 12, 22, 36. 691: 685: 678: 672: 666: 660: 653: 647: 646:(2007) pp 24-27. 640: 634: 633: 626: 620: 619: 612: 596:HajĂłgyĂĄri Island 587:Robert Whitehead 382:in Nesselsdorf ( 368:GrĂ€f & Stift 2032: 2031: 2027: 2026: 2025: 2023: 2022: 2021: 2002: 2001: 1820: 1818:Further reading 1815: 1814: 1805: 1801: 1791: 1789: 1780:PĂ©ter, Puskel. 1778: 1774: 1764: 1762: 1758: 1751: 1747: 1746: 1742: 1736:Wayback Machine 1726: 1722: 1712: 1710: 1697: 1696: 1692: 1682: 1680: 1671: 1670: 1666: 1659: 1643: 1639: 1631: 1625: 1614: 1606: 1602: 1593: 1589: 1581: 1577: 1568: 1564: 1548: 1547: 1541: 1539: 1534: 1533: 1529: 1520: 1518: 1513: 1512: 1508: 1499: 1497: 1488: 1487: 1483: 1475: 1471: 1464: 1448: 1444: 1439: 1435: 1430: 1426: 1416: 1414: 1410: 1399: 1395: 1394: 1390: 1377: 1373: 1363: 1361: 1357: 1350: 1346: 1345: 1341: 1331: 1309: 1305: 1297: 1293: 1284: 1280: 1270: 1268: 1264: 1257: 1251: 1247: 1237: 1235: 1226: 1225: 1221: 1214: 1200: 1196: 1191: 1187: 1182: 1178: 1168: 1166: 1157: 1156: 1152: 1147: 1143: 1138: 1134: 1129: 1125: 1120: 1116: 1111:on 1 June 2004. 1103: 1102: 1098: 1093: 1089: 1084: 1080: 1071: 1067: 1058: 1054: 1044: 1042: 1033: 1032: 1028: 1019: 1018: 1014: 1005: 1004: 1000: 992: 985: 981: 980: 976: 965: 961: 938: 931: 926: 922: 911: 907: 897: 895: 888: 884: 877: 863: 859: 849: 847: 836: 832: 825: 809:Berend, IvĂĄn T. 806: 802: 793: 792: 788: 776: 774: 765: 764: 756: 752: 740: 738: 729: 728: 722: 721: 717: 704: 700: 692: 688: 679: 675: 667: 663: 654: 650: 641: 637: 628: 627: 623: 614: 613: 609: 604: 543: 512: 423: 399:RÁBA Automobile 360: 293: 233:Wiener Neustadt 221: 181: 169: 112:Hungarian plain 92: 60: 34:Austria-Hungary 12: 11: 5: 2030: 2020: 2019: 2014: 2000: 1999: 1992: 1982: 1975: 1968: 1961: 1950: 1940: 1936:(2003), 699pp 1930: 1920: 1915:Komlos, John. 1913: 1906: 1899: 1888: 1877: 1870: 1860: 1850: 1843: 1831: 1819: 1816: 1813: 1812: 1799: 1772: 1740: 1720: 1690: 1664: 1657: 1637: 1623: 1600: 1587: 1575: 1562: 1527: 1517:. Omikk.bme.hu 1506: 1481: 1469: 1462: 1442: 1433: 1424: 1413:on 30 May 2005 1388: 1371: 1339: 1329: 1303: 1291: 1278: 1245: 1219: 1212: 1194: 1185: 1176: 1150: 1141: 1132: 1123: 1114: 1096: 1087: 1078: 1065: 1052: 1026: 1012: 998: 974: 959: 948:Chisholm, Hugh 929: 920: 905: 882: 875: 857: 830: 823: 800: 786: 750: 715: 698: 686: 673: 661: 648: 635: 621: 606: 605: 603: 600: 554:Danubius Werft 542: 539: 511: 508: 487:Tivadar PuskĂĄs 422: 419: 376:MladĂĄ Boleslav 364:Austro-Daimler 359: 356: 355: 354: 350:Slovenia: see 348: 344:Slovakia: see 342: 332: 326: 316: 310: 304: 292: 289: 272:Orient Express 220: 217: 201:light industry 185:heavy industry 180: 177: 173:personal union 168: 165: 108:Bohemian lands 91: 88: 59: 56: 9: 6: 4: 3: 2: 2029: 2018: 2015: 2013: 2010: 2009: 2007: 1997: 1993: 1991: 1987: 1983: 1980: 1976: 1973: 1969: 1966: 1962: 1959: 1955: 1951: 1949: 1945: 1941: 1939: 1935: 1932:Roman, Eric. 1931: 1929: 1925: 1921: 1918: 1914: 1911: 1907: 1904: 1900: 1897: 1893: 1889: 1886: 1882: 1878: 1875: 1871: 1869: 1865: 1861: 1859: 1855: 1852:Good, David. 1851: 1848: 1844: 1842: 1837: 1832: 1830: 1826: 1822: 1821: 1809: 1803: 1787: 1783: 1776: 1757: 1750: 1744: 1737: 1733: 1730: 1724: 1708: 1704: 1700: 1694: 1678: 1674: 1668: 1660: 1654: 1650: 1649: 1641: 1630: 1626: 1620: 1613: 1612: 1604: 1597: 1591: 1584: 1579: 1572: 1566: 1558: 1552: 1537: 1531: 1516: 1510: 1495: 1491: 1485: 1478: 1473: 1465: 1459: 1455: 1454: 1446: 1437: 1428: 1409: 1405: 1398: 1392: 1384: 1383: 1375: 1356: 1349: 1343: 1336: 1332: 1326: 1322: 1317: 1316: 1307: 1301:, p. 96. 1300: 1299:Hughes (1993) 1295: 1288: 1282: 1263: 1256: 1249: 1233: 1229: 1223: 1215: 1213:0-8018-2873-2 1209: 1205: 1198: 1189: 1180: 1164: 1160: 1154: 1145: 1136: 1127: 1118: 1110: 1106: 1100: 1091: 1082: 1075: 1069: 1062: 1056: 1040: 1036: 1030: 1022: 1016: 1008: 1002: 991: 984: 983:"velocipedes" 978: 970: 963: 955: 954: 949: 944: 936: 934: 924: 916: 909: 893: 886: 878: 872: 868: 861: 845: 841: 834: 826: 820: 816: 815: 810: 804: 796: 790: 782: 769: 768:cite magazine 762:. p. 17. 761: 754: 746: 733: 732:cite magazine 725: 724:The Publisher 719: 712: 708: 702: 695: 690: 683: 677: 671: 668:Good, David. 665: 658: 652: 645: 639: 631: 625: 617: 611: 607: 599: 597: 592: 591:his torpedoes 588: 584: 580: 576: 572: 568: 564: 563:Marinearsenal 560: 556: 555: 550: 549: 538: 536: 532: 528: 527:inline engine 523: 521: 517: 516:Edvard Rusjan 507: 505: 500: 497: 494: 492: 491:Thomas Edison 488: 484: 479: 477: 472: 470: 465: 462: 458: 456: 453:In 1905, the 451: 447: 445: 440: 436: 432: 428: 418: 416: 412: 408: 405:, MÁG (later 404: 400: 397:in Budapest, 396: 391: 389: 385: 381: 380:Nesselsdorfer 377: 373: 369: 365: 353: 349: 347: 343: 341: 337: 333: 331: 328:Hungary: see 327: 325: 321: 317: 315: 312:Croatia: see 311: 309: 305: 303: 299: 296:Austria: see 295: 294: 284: 280: 276: 273: 269: 268:panic of 1873 263: 261: 257: 253: 249: 244: 242: 238: 234: 230: 226: 225:rolling stock 216: 212: 210: 206: 202: 198: 194: 190: 186: 183:The empire's 176: 174: 164: 162: 158: 154: 150: 146: 142: 138: 133: 128: 124: 123:food industry 119: 115: 113: 109: 105: 101: 97: 87: 83: 79: 76: 72: 68: 64: 55: 51: 47: 43: 40: 36: 35: 25: 20: 16: 1995: 1985: 1978: 1971: 1964: 1953: 1943: 1933: 1923: 1916: 1909: 1902: 1891: 1880: 1873: 1863: 1853: 1846: 1835: 1824: 1807: 1802: 1790:. 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In 585:with 559:Fiume 535:AszĂłd 413:) in 248:MÁVAG 167:Trade 155:, an 24:crown 22:A 20- 1794:2016 1767:2014 1715:2017 1685:2015 1653:ISBN 1619:ISBN 1557:link 1458:ISBN 1419:2017 1366:2020 1325:ISBN 1273:2009 1240:2004 1208:ISBN 1171:2013 1047:2013 900:2016 871:ISBN 852:2016 819:ISBN 781:help 745:help 567:Pola 531:UFAG 502:The 474:The 433:and 415:Arad 403:GyƑr 338:and 322:and 300:and 260:GyƑr 203:the 195:and 102:and 69:and 30:The 573:in 557:in 401:in 374:in 340:PKP 258:in 75:GNP 2008:: 1754:. 1705:. 1701:. 1627:. 1553:}} 1549:{{ 1402:. 1333:. 1323:. 1321:71 1161:. 988:. 932:^ 772:: 770:}} 766:{{ 736:: 734:}} 730:{{ 429:, 262:. 191:, 98:, 1960:. 1898:. 1887:. 1796:. 1769:. 1717:. 1687:. 1661:. 1559:) 1545:. 1524:. 1503:. 1466:. 1421:. 1368:. 1275:. 1242:. 1216:. 1173:. 1049:. 902:. 879:. 854:. 827:. 797:. 783:) 779:( 747:) 743:( 632:. 618:. 235:(

Index


crown
Austria-Hungary
capitalist
Technological change
industrialization
urbanization
GNP
Vienna
Budapest
Prague
Bohemian lands
Hungarian plain
food industry
roller mill
Prague
Industrial Revolution
Second Industrial Revolution
division of labour
economic and monetary union
Kingdom of Galicia and Lodomeria
ethnic Pole
major oil-producing region
personal union
heavy industry
electric power industry
locomotive industry
automotive industry
light industry
precision mechanics

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