The Great Economic Crisis of 1873 and the Slovenes
Keywords:
crisis, 1873, economy, liberalism, capitalism, industryAbstract
The author, relying on the findings of H. Rumpler and H. Matis, concludes that the great economic crisis of 1873, as elsewhere in the Hapsburg Empire, did not deeply or radically affect the trends of economic development on the Slovenian territory. A growing indebtedness of the Slovenian farmer was only indirectly linked to the collapse of the Vienna Stock Exchange. Of all the planned railway constructions in Slovenia, the crisis only thwarted the construction of the Dolenjska line. As already pointed out by J. Šorn, the 1873 crisis spelled no tragedy for the development of the national industry, it did, however, strengthen the opponents of a liberal economy and, at the same, encouraged a modern economic mentality that favoured Capitalism.
Downloads
Published
Issue
Section
License
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
