German economy

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  • Created by: Abigail
  • Created on: 15-11-13 18:38
  • each state within the confederation controlled its own economy
  • there were dozen upon dozen of custom barriers - this heavily restricted trade
  • toll booths were even added onto roads to get into another part of the confederation
  • there were lots of different currencies and value for each of the money - taxation was enforced for people who changed into a different area with a new currency
  • this as well caused a great trading problem
  • Rhineland manufacturers complained about the trading problems
  • they also complained about their competition
  • in 1818, the previous Prussian Tariff Reform Law became the Prussian Customs Union
  • this allowed the complex system of internal customs to be abolished
  • a replacement was brought in instead just being on the Prussian boarder
  • industrialists wanted protection on their goods against the British
  • if tariffs were higher, smuggling would have been encouraged as well as the black market
  • however, Prussia could not raise the tariffs because they weren't economically or politcally strong enough like Britain was
  • custom duties on raw materials were introduced, like tea and sugar, to protect against foreign competition
  • Prussia hoped to extend free trade with others
  • goods could move more freely if internal trade barriers were removed
  • after a while, Prussia's neighbouring states joing the PCU after being impressed by them
  • Prussian offices being…

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