Economy
The new state borders had cut Galicia off from many of its traditional trade routes and markets of the Polish sphere, resulting in stagnation of economic life and decline of Galician towns. Lviv lost its status as a significant trade center. After a short period of limited investments, the Austrian government started a fiscal exploitation of Galicia and drained the region of manpower through conscription to imperial army. The Austrians decided that Galicia shouldn't develop industrially but remain an agricultural area that would serve as a supplier of food products and raw materials to other Habsburg provinces. New taxes were instituted, investments weren't encouraged, cities and towns were neglected.
Read more about this topic: Galicia (Eastern Europe)
Famous quotes containing the word economy:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“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)
“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)