The 'Long Depression' (0 h 20 min, 18 sept. 1873 ans – 0 h 20 min, 18 sept. 1896 ans)
Description:
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.Ajouté au bande de temps:
Date:
0 h 20 min, 18 sept. 1873 ans
0 h 20 min, 18 sept. 1896 ans
~ 23 years