The 'Long Depression' (0 h 20 m, 18 sept 1873 año – 0 h 20 m, 18 sept 1896 año)
Descripción:
The collapses of major banks in both Austria-Hungary and the United States led to this long, global trade recession. Initially, the German economy was kept buoyant by earlier railway-building investments. From c1876, however, demand (especially for textiles) fell off and caused growth to slow until 1894.Añadido al timeline:
fecha:
0 h 20 m, 18 sept 1873 año
0 h 20 m, 18 sept 1896 año
~ 23 years