The 'Long Depression' (0 h 20 m, 18 set 1873 ano – 0 h 20 m, 18 set 1896 ano)

Descrição:

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.

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