Present Day Social and Industrial Conditions in Austria (Classic Reprint)

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Excerpt from Present Day Social and Industrial Conditions in AustriaThe motives of this movement are to a great extent economic though, of course, the general desire for national unification also plays a certain part. A glance at the rates of exchange or prices, suffices to prove that Germany is by far better Off than Austria, in spite of all the schemes for the economic rehabilitation of Austria, drawn up by the Allies. Up till now (july, 1921) very little has come of all these schemes and Austrian public opinion has lost nearly all confidence in this respect. On the other hand the German mark, which in pre - war days was kronen, at present is equivalent to almost 11 kronen! The main reason for this disastrous depreciation of the currency consists in the disproportion between imports and exports, which forces the government continually to increase the banknote circulation in order to pay for the necessary imports of food, coal, and raw materials. Consequently, the Austrian krone has gone down to much less than the hundredth part Of its pre w'ar standard and the budget shows a steadily increasing deficit.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.