Economic development of Slovakia at the background of the economic integration and disintegration process of Central Europe in 1867–1945

Abstract

in article is given an overview on Slovak economic history from the establishment of Austro-Hungary up to the end WW II. The presentation of Slovak economic development is structured in three periods: the Habsburg monarchy or the period of Hungarian dominance, the Czechoslovak republic during the interwar period and the independent Slovak state during the WW II. Processes of disintegration were accompanied by the complicated restructuring of all sectors of economy, by huge transfers of capital, by currency reforms as well as by substantial changes in the economic policy of government. As a conclusion author has emphasized that in whole period the increase in industrial capacity was sufficient only to cover the moderate increase in natural population growth.