Economic Development and
Relations, 1918–89


The Interwar Period

The disintegration of Austria-Hungary and the rise of the successor states after the First World War brought about not only radical changes on the map of Europe and in the political alignment of the vast European region, but also the break-up of an extensive economic area which had been formed in central and south-eastern Europe over centuries of development of that part of the continent. After the fall of the Habsburg monarchy, Czechoslovakia inherited a territory with a considerable industrial and export potential, with a completely structured industry, relatively intensive agricultural production, a satisfactory infrastructure, and a large skilled labour force. From various sources, which are, however, far from consistent, it can be estimated that Czechoslovakia inherited about 60 per cent of the manufacturing industry of Austria-Hungary, approximately twothirds of this from the Cisleithan regions and nearly one-fifth from the manufacturing industry of Hungary. The Czechoslovak share of the territory and the population of the old monarchy equalled only 21 per cent and 25 per cent respectively.

Interwar developments did not bear out the sceptical prognoses of Austrian, Hungarian and West European politicians and economists, whose forecasts were based on the assumption that the disintegration of AustriaHungary into small states would lead to an economic collapse of these successor countries. Reality corrected these gloomy prognoses: despite the postwar feelings of hopelessness, even the greatly reduced territories of Austria and Hungary proved economically viable. For the neighbours of these two countries the breakdown of the clumsy and conservative system of a multinational monarchy, which involved pumping funds to Vienna and Budapest, and which was linked with the privileges of the Austro-German


Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
Loading One moment ...
Project items
Cite this page

Cited page

Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited page

Bookmark this page
The End of Czechoslovakia


Text size Smaller Larger
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

While we understand printed pages are helpful to our users, this limitation is necessary to help protect our publishers' copyrighted material and prevent its unlawful distribution. We are sorry for any inconvenience.
Full screen
/ 283

matching results for page

Cited passage

Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.

Are you sure you want to delete this highlight?