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DawnEN

Smaller pie, firmer grip

<p>WHEN railways and factories began transforming 19th-century Europe, the rulers of the Habsburg Empire understood their economic potential. Yet they resisted industrialisation.</p> <p>Friedrich von Gentz, Metternich’s adviser, explained why: “We do not desire at all that the great masses shall become well-off and independent.” His reasoning ended with a re

Nov 8, 03:29 AM

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