Battle of Backbone Mountain

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Austria, formally the Republic of Austria, is a landlocked country in Central Europe, lying in the Eastern Alps. It is a federation of nine federal states, one of which is the capital, Vienna, the most populous city and federal state. Austria is bordered by Germany to the northwest, the Czech Republic to the north, Slovakia to the northeast, Hungary to the east, Slovenia and Italy to the south, and Switzerland and Liechtenstein to the west. The country occupies an area of 83,879 km2 (32,386 sq mi) and has a population of around 9 million.

Austria emerged from the remnants of the Eastern and Hungarian March at the end of the first millennium. Originally a margraviate of Bavaria, it developed into a duchy of the Holy Roman Empire in 1156 and was later made an archduchy in 1453. In the 16th century, Vienna began serving as the empire's administrative capital and Austria thus became the heartland of the Habsburg monarchy. Before the dissolution of the Holy Roman Empire two years later, in 1804, Austria established its own empire, which became a great power and the dominant member of the German Confederation. The empire's defeat in the Austro-Prussian War of 1866 led to the end of the Confederation and paved the way for the establishment of Austria-Hungary a year later, Austria was its part with the name Cisleithania.

After the assassination of Archduke Franz Ferdinand in 1914, Emperor Franz Joseph declared war on Serbia, which ultimately escalated into World War I. The empire's defeat and subsequent collapse led to the proclamation of the Republic of German-Austria in 1918 and the First Austrian Republic in 1919. During the interwar period, anti-parliamentarian sentiments culminated in the formation of an Austrofascist dictatorship under Engelbert Dollfuss in 1934. A year before the outbreak of World War II, Austria was annexed into Nazi Germany by Adolf Hitler, and it became a sub-national division. After its liberation in 1945 and a decade of Allied occupation, the country regained its sovereignty and declared its perpetual neutrality in 1955.

Austria is a parliamentary representative democracy with a popularly elected president as head of state and a chancellor as head of government and chief executive. Major cities include Vienna, Graz, Linz, Salzburg, and Innsbruck. Austria has the 17th highest nominal GDP per capita with high standards of living; it was ranked 25th in the world for its Human Development Index in 2021. (Full article...)

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The Austrian business cycle theory (or ABCT) attempts to explain business cycles through a set of ideas held by the Austrian School of economics. The theory views business cycles as the inevitable consequence of excessive growth in bank credit, exacerbated by inherently damaging and ineffective central bank policies, which cause interest rates to remain too low for too long, resulting in excessive credit creation, speculative economic bubbles and lowered savings. The creators of the Austrian business cycle theory were Austrian School economists Ludwig von Mises and nobel laureate Friedrich Hayek. Hayek won a Nobel Prize in economics in 1974 (shared with Gunnar Myrdal) in part for his work on this theory.

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Carl Ritter von Ghega (1851)

Ritter Carl von Ghega (January 10, 1802 – March 14, 1860) was the designer of the Semmering Railway from Gloggnitz to Mürzzuschlag.

He began his engineering career with road and hydraulic engineering in Venice. Among other things he contributed to the building of the road over Cortina d'Ampezzo to Toblach. From 1836 to 1840 he was a construction supervisor for the railway track from Brno to Břeclav, the so called Emperor Ferdinand North Railway. During this time, in 1836 and 37 he studied also the railways in England and other European countries. In 1842, entrusted with the entire planning of the future state railway, he made a study trip to North America.

After his return to the state railway he began with the planning of the railway line to the south, from Mürzzuschlag to Graz and Trieste. The crossing of the Semmering was not believed possible, but as early as 1844 he submitted a plan for the crossing of the Semmering. Construction of the Semmeringbahn was begun in 1848, and in 1851, before its completion in 1854, he was knighted by the emperor.

The Semmering Railway today is a UNESCO World Heritage Site.

Did you know (auto-generated)

  • ... that Austrian master metalsmith Cyril Colnik chose to close his shop rather than make armaments for World War I?
  • ... that despite losing his left arm in World War II, Austrian tennis player Hans Redl reached the fourth round at Wimbledon in 1947?
  • ... that the Austro-Hungarian yacht Dalmat carried Archduke Franz Ferdinand on his journey to Sarajevo in 1914 and returned with his body?
  • ... that the 13th-century Austrian chronicler Jans der Enikel characterized Richard the Lionheart as a "noble goose-roaster"?
  • ... that American horticulturalist Joseph Lancaster Budd traveled to England, France, Austria, Russia, and China in 1882 to discover fruit trees that could grow in Iowa?
  • ... that Austrian online streamer Keekihime became fluent in Japanese from live-streaming daily on the Japanese video website Nico Douga?

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