Beggar-Thy-Neighbour vs. Danube Basin Strategy: Habsburg Economic Networks in Interwar Europe
Journal Title: Religions - Year 2016, Vol 7, Issue 11
Abstract
After the dissolution of the Habsburg Empire, leaders in successor states were eager to become economically independent from the former capital Vienna. They therefore quickly implemented a set of neomercantilistic measures, especially nationalization programs. Nevertheless, the 1920s saw a reestablishment of the common market in the former territories of the Habsburg Empire in terms of interregional trade and interlocking directorates, mainly because of the business strategy of international financial syndicates that were based on the traditional Viennese commercial relations with the successor states. The international credit of Jewish bankers like Louis Rothschild, Rudolf Sieghart, and Max Feilchenfeld and others mattered. After the “Big Bang” at Wall Street in 1929, the industrial holdings of the Viennese banks and the maturity problem (short-term borrowing, long-term lending) in their relations to East European debtors and Western financiers caused the Creditanstalt-crisis of 1931 and put an end to Vienna’s position as a financial hub in East Central Europe. However, even during the crisis of the 1930s, the share of the successor states in the bilateral balances of trade indicates path dependency on a smaller scale.
Authors and Affiliations
Andreas Weigl
Keywords
Related Articles
- EP ID EP25622
- DOI https://doi.org/10.3390/rel7110129
- Views 325
- Downloads 5
The King Must Protect the Difference: The Juridical Foundations of Tantric Knowledge
Drawing upon inscriptional, art historical, as well as largely unstudied and unpublished textual evidence, this paper examines the conceptualization of religious diversity in the Medieval Deccan prior to the Islamic in...
The Case of Hirose Akira: The Ethical Predicament of a Japanese Buddhist Youth during World War II
The Japanese Buddhist clergy’s collaboration with the Japanese war machine during the Fifteen Year War (1931–1945) is notorious. Yet the struggles of ordinary lay Buddhist youths during World War II remain less publicize...
Cold War Transgressions: Christian Realism, Conservative Socialism, and the Longer 1960s
This essay examines the convergence of the Protestant left and traditionalist right during the 1950s. Reinhold Niebuhr and the World Council of Churches challenged Cold War liberalism from within. As they did, they ant...
Recognizing Recognition: Utpaladeva’s Defense of ´ Sakti in His “Proof of Relation” (Sambandhasiddhi)
Though one of many possible interpretive orientations, Utpaladeva’s short work, “The Proof of Relation”, may be profitably read in terms of the intention to reveal Siva via an exposition of His ´ ´saktis. This intentio...
Play, Game, and Videogame: The Metamorphosis of Play
The question, the Fragestellung, which drives this paper is, can football video-games be analyzed from a religious perspective? We can answer positively, at least, provisionally. First, in order to demonstrate our appr...