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RE: LeoThread 2025-03-20 01:06

in LeoFinancelast month

Part 3/9:

However, the dawn of the 19th century marked a significant shift. With England's industrial revolution and steam engine innovations, German states struggled to compete. The increasing production capabilities of England led to a transition in the German economy, whereby reliance on English goods became predominant. The invasion of Napoleon further exacerbated these challenges. Following France's defeat, trade restrictions drastically hurt German industries, leading many businesses into bankruptcy.

The German Confederation: Simplifying Trade