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:
“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)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)