The Economic Crisis of 1873. Its Event and Perception in the Economy and Society from Transylvania Cover Image

Criza economică din 1873. Manifestarea şi percepţia ei în economia şi societatea transilvană
The Economic Crisis of 1873. Its Event and Perception in the Economy and Society from Transylvania

Author(s): Marin Iosif Balog
Subject(s): History
Published by: Editura Academiei Române
Keywords: Economic Crisis; Great Depression of 1873; Economy; Society; Transylvania; 19th Century

Summary/Abstract: The study examines the economic effects of the great crisis of 1873 and how it was perceived in Transylvania. The author starts from the pre-crisis economic situation, analyzes the causes that led to its outbreak, both in the Habsburg Monarchy in general, and in Transylvania. The author discusses how the crisis spread at financial level from Vienna, the capital stock of Central Europe at that time and to real economic plan, into the peripheral regions that were more or less connected to the circuitry of financial, investment and production of the Monarchy. One of the sections analyses how the crisis has manifested itself in the real economy of Transylvania, at the social level and also how this period was perceived by the population and how was affected entrepreneurship. The last part of the study shows the potential consequences and lessons of the crisis in 1873 given to the economy and society in future decades that followed.

  • Issue Year: L/2011
  • Issue No: 50
  • Page Range: 51-75
  • Page Count: 25
  • Language: Romanian