Reasons for economic growth in Germany
- Created by: Katie Beaumont
- Created on: 07-01-16 13:57
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- Reasons for economic growth in Germany
- Growth in the Population
- 1890: 50 million people 1914: 68 million people
- This expanded the market and labour force
- 1871: 64% lived in the countryside 1910: 40% lived in the countryside
- Education
- It became an excellent system as its institutions of higher education led the world
- Traditional subjects were offered
- Increased provision for those with technical skills
- 1890-1914 German university enrolments increased from 28,000 to 60,000.
- German Banks
- Provided generous long-term credit facilities for industrial firms
- Cartels achieved economic planning, elimination of wasteful competition
- Railway service
- This became very good.
- Provided an expansion for transportation on goods and raw materials
- Huge natural resources
- Coal from the Ruhr, Saar and Silesia
- Iron Ore from Alsace Lorraine and the Ruhr
- 1914: Germany mined 1/4 of the world
- Growth in the Population
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