The crash of 1873 and the subsequent…
1876 CE to 1887 CE
In the late 1870s, Bismarck begins negotiations with the economically protectionist Conservative Party and Center Party toward the formation of a new government coalition.
Conservative electoral gains and National Liberal losses in 1879 bring a conservative coalition to power.
Bismarck now abandons his former allies in the National Liberal Party and puts in place a system of
tariffs that benefits the landed gentry of eastern Prussia—threatened by imports of cheaper grains from Russia and the United States—and industrialists who are afraid to compete with cheaper foreign manufactured goods and who believe they need more time to establish themselves.
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