Economy
Agriculture was a mainstay of the local economy of Georgia, a typical agrarian country with long wine-making traditions. Land reform well managed by the government contributed to a degree of stability in this field.
The manganese industry at Chiatura had very great importance in the field of European metallurgy, providing about 70% of the manganese supply of the world early in the 20th century. Traditionally, Georgia served also as an international transportation corridor through the key Black Sea ports of Batumi and Poti.
However, the lack of international recognition and the government's not completely successful policy in the field hindered the economic development of the DRG and the country suffered an economic crisis. Some signs of improvement were observed towards 1920–1921.
Read more about this topic: Democratic Republic Of Georgia
Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
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“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)