Reasons for the economic boom in 1914
- Created by: Katie Beaumont
- Created on: 27-04-17 14:49
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- REASONS for Economic trends
- Germany's population was growing rapidly from 50 million in 1890, to 68 million in 1914
- PROVIDED the MARKET & the LABOUR FORCE, for an expanding economy
- Caused by people MOVING from the COUNTRYSIDE to the TOWNS
- Germany possessed HUGE NATURAL RESOURCES, such as coal
- Germany had a very GOOD RAILWAY SYSTEM
- Germany had an EXCELLENT EDUCATION SYSTEM
- Its INSTITUTIONS of HIGHER EDUCATION LED the WORLD
- DEGREES available to lower middle class people
- Education for TECHNICAL SKILLS INCREASED
- Its INSTITUTIONS of HIGHER EDUCATION LED the WORLD
- German industry ECOURAGED SCIENTIFIC RESEARCH
- Resulted in IMPORTANT DISCOVERIES
- German BANKS PURSUED an adventurous policy of generous long-term CREDIT FACILITIES for industrial firms
- Banks INSTRUMENTAL in the development of a DISTINCTLY GERMAN FEATURE of INDUSTRIALISATION (CARTELS)
- CARTE;S important in achieving ECONOMIC P;ANNING, ELIMINATING WASTEFUL COMPETITION & PROMOTING EFFICIENT LARGE-SCALE PRODUCTION
- Banks INSTRUMENTAL in the development of a DISTINCTLY GERMAN FEATURE of INDUSTRIALISATION (CARTELS)
- INCREASE in INTERNATIONAL TRADE
- Germany's population was growing rapidly from 50 million in 1890, to 68 million in 1914
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