The World of
the Habsburgs

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Pre-war
1914
Outbreak of the war
1915
1916
1917
1918
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Post-war
Medium

Armements expenditure in Europe in % of the net national product (at current prices) 1900-1913

Source: Schulze, Max-Stephan: Austria-Hungary´s economy in World War I, in: Schulze, Max-Stephan/Harrison, Mark: The Economics of World War I, Cambridge 2005, 78

Copyright 
Derek Weber

Verwendet bei

  • Chapter

    A state living beyond its means

    In economic terms, the Austro-Hungarian Empire was not prepared for a long and major war. It was above all the illusion as to the duration of the war that prevented a comprehensive economic ‘rearmament’.