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:
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“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)
“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)