After the treaty of Washington DC that ended the Great War, the Austro-Hungarian monarchy struggled on through the twenties. However, as the world economy spired out of control in the 1930's, a socialist revolution rocked the nation. At first the minorities favored independence, but they joined together after the war of Russo-German intervention. Originally, while agriculture was Capitalist to rectify food shortages, industry was owned by the government. In the 1950's, as it became more apparent it's industries were stagnating, officials began to be paid as a percentage of what their company earned, increasing competitivness and product quality. In the 1980's, private industries were allowed on the market. Since then SteelDanubia and the Danubian Central Railway have grown to be the largest private corporations in Danubia. In 2003, the government began a controversial plan to privitize government owned corporations. Although some bemoan it's increasingly capitalistic bend and say it is little more than a capitalist welfare state, it is this freedom that has allowed Danubia such peace and prosperity, unlike it's oft-compared counterpart, the USSR, which has had to use force to maintain a tenuous grip on it's nation.
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(The above summary is fake. All refrence to persons living or dead is purely coincidental)
Copyright 2011 National Geographic LLC
(Sorry about the white space, NatGeo.com doesn't like people copying and pasting it's stuff
)(The above summary is fake. All refrence to persons living or dead is purely coincidental)
