Significant profits were accrued from the war industry in Vienna, prompting the government in 1916 to introduce a staggered war profit tax. This measure increased wage costs and inflation and caused a drop in profits in the last year of the war, considerably dampening industrialists’ enthusiasm for the war.
This website uses cookies.
We employ strictly necessary and analysis cookies. Analysis cookies are used only with your consent and exclusively for statistical purposes. Details on the individual cookies can be found under “Cookie settings”. You can also find further information in our data protection declaration.