Gründerzeit
Economic phase in 19th-century Germany and Austria
Gründerzeit
The Gründerzeit (German pronunciation: [ˈɡʁʏndɐˌtsaɪt] ; lit. 'founders' period') was a period of European economic history in mid- and late-19th century Germany and Austria-Hungary between industrialization and the great stock market crash of 1873. Its name is derived from the many incorporations of companies that occurred in the years between the Franco-Prussian War and the panic of 1873. The term also refers to a cultural and architectural era which began in the mid-19th century and lasted until 1914. Gründerzeit architecture is closely associated with historicism, and occupies a prominent place in many Central European cities due to 19th-century urbanization.
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