[PDF] austria economy after ww1

The First World War left the new Austrian state with a shattered economy and infrastructure, which only slowly recovered in the 1920s. Of course, other countries also felt the tremendous structural break of 1918, but it hit the young Alpine republic (along with Germany) particularly hard.
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  • What was the economy of Austria after World War 1?

    At the end of the war, the Austrian economy was in tatters. Production had shrunk to a fraction of the 1913 level. Energy, heating and food were in short supply, not least because foreign trade was based almost exclusively on inadequate compensatory deals.
  • How was Austria affected after ww1?

    Indirect losses for Austria-Hungary can be estimated at 460,000 caused by famine, cold, and epidemics (the Spanish flu additionally caused 250,000 victims). The effects of First World War were lingering: especially in the Austrian Republic, undernourishment and poverty remained a problem.
  • How did ww1 affect Austria-Hungary economically?

    At the end of the war, consumer prices were about sixteen times higher than in July 1914. In the course of the war Austria-Hungary registered a growing deficit in foreign trade. Many contemporaries regarded the deteriorating trade balance as the main reason for the Crown's loss of purchasing power.19 fév. 2016
  • Overall, the war costs of Austria-Hungary are estimated at 97.8 billion crowns in current prices, or 23.2 billion crowns in 1913 prices. In other words, the war consumed more than three times Austria-Hungary's GDP of the year 1913 (see table 1).
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