Nandini Maharaj is teaching live on Unacademy Plus
INDUSTRIALISATION IN GERMANY PART 3 BY NANDINI MAHARAJ
Dimensions of German industrialisation -Banks and Cartels Banks were confident of lending money Corporate banks emerged (known then as 'credit banks'), devoted entirely to banking in the business sector Cartel of different banks for different industries developed after the 1873 economic depression, post the unification speculative bubble Began in the heavy industry -(Many German companies stayed outside the cartel system because they did not welcome the restrictions that came with membership) Cartel contracts were accepted as legal and binding by German courts
Illegal in Britain and USA Government's Role Role of Bismark Bismark favoured the business sector Unified the country Supported industry and workers with a high tariff policy Alienated liberal intellectuals who wanted free trade His blood and iron policy fuelled industrialisation even before unification introduced social welfare legislation Accident Insurance, Old Age Pension etc This deterred people from swinging toward the communist side of the political spectrum
.Government supported heavy industry, crafts and trades Germany started building a colonial empire in Africa Autonomous regional governments in Germany protected their own industries employment and business The state charged a protection tax, so it had more money to put back into the economy Agriculture Sugar beet introduced as the primary crop New methods, fertilisers, knowledge and tools adopted Intensive farming followed
.Germany became the most efficient agricultural producer in Europe by 1914 More workers became free for industrial work - Other reasons in Britain, France or USA Middle Class women were organised by the Association of German Women's Organisation .Working class women were organisaed by the socialises Modern Welfare State system was adopted This won the support of the German working class It reduced outflow of immigrants to America, where wages were higher but welfare did not exist
DENMARK The Saar The Ruhr German territory Sudetenland Rhineland (demilitarised zone) NORTHERN SLESVIG GREAT BRITAIN NETHERLANDS GERMANY WEST PRUSSIA POLAND BELGIUNM UPPER SILESIA LUXEMBOURG CZECHOSLOVAKIA ALSACE-LORRAINE FRANCE AUSTRIA HUNGARY SWITZERLAND
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