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:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)