Economy & TradeThe 1870s

Economy & Trade in the 1870s

Every event in the Terralore archive tagged economy and trade — trade, currency, industry and resources, narrowed to the 1870s — 4 of them, drawn from 4 nations, running from 1871 to 1873. Each entry keeps the sources it was verified against and links back to the chronicle it came from.

Events
4
Nations
4
Earliest
1871
Latest
1873
North America
2
Asia
1
Europe
1

Every entry below is the same record, with the same sources, as the one on its nation’s chronicle.

  1. Europe

    Germany

    The Bismarckian empire and industrial rise

    Under Bismarck's chancellorship the empire industrialised rapidly and introduced the world's first national social insurance, while maintaining a careful balance of power in Europe.

    Era: The German Empire and the First World War

    Sources: Germany · Encyclopaedia Britannica

  2. Asia

    Azerbaijan

    The Baku oil boom begins

    Modern commercial oil extraction began in Baku in 1872; by 1900 the Abşeron field was the largest in the world, turning the city into a global energy capital.

    Era: The Baku oil boom and the 1918 republic

    Sources: Baku: location, history and economy · Encyclopædia Britannica, Abşeron Peninsula · Encyclopædia Britannica

  3. North America

    Costa Rica

    Minor Keith and the banana railways

    Minor C. Keith begins building railways and planting bananas, ventures that in 1899 merge into the United Fruit Company and reshape the Caribbean coast.

    Era: Coffee, Bananas, and a Maturing Democracy

    Sources: Minor C. Keith · Encyclopaedia Britannica

  4. North America

    Guatemala

    The coffee economy

    Coffee becomes Guatemala's dominant export, financing railways and ports while binding the Maya to plantation labour.

    Era: Coffee and the Liberal Dictatorships

    Sources: Guatemala: History (Postcolonial period and after) · Encyclopaedia Britannica