Germany Bismarck Economy 30.11.22
- Created by: mollycha
- Created on: 30-11-22 12:16
View mindmap
- Germany Economy Bismarck 1871-1890
- Growth in the period
- 1870-1913 productive capacity increased 8 times
- by 1914 G was Europe's industrial superpower
- continued increase in production of 'old' industries like steel,, iron and textiles
- steel production increased 9 fold
- AEG and Siemens dominated world electrical industry
- Daimler Benz made the first manufacturable car
- Reasons for Success
- population growth from 50 mil 1890 to 68 mil 1910
- urbanisation with 64% in countryside 1871 down to 40% 1910
- natural resources in Saar, Ruhr
- extension of railways
- emphasis on education
- growth in cartels 366 by 1905
- unification boosted economic development as greater labour supply and bigger market
- Move to Protectionism
- DUE TO decline in agriculture in late 1870s/competition from USSR and USA
- needed to protect Junkers
- gave government more money to cover military expenditure
- win influence and support politically
- 1879 Tariff Act
- Army Budget 1884 point of contention
- wanted army budget out of R control but compromised with Septennial Laws
- International Trade
- 1880-1913 imports rose from 2.8 to 10.8 bil and exports rose from 2.9 to 10.1 bil
- trade gap filled by invisible earnings
- by 1914 G was wprld's 3rd largest creditor nation
- global share of shipbuilding rose by 11%
- Growth in the period
Comments
No comments have yet been made