Manufacturing and trade remain underdeveloped in the…

Manufacturing and trade remain underdeveloped in the new Greek state despite the expertise and connections that the Greeks of the diaspora bring with them as they migrate to the new kingdom.

The only feasible internal source of revenue is a tax on agriculture, the growth of which is most fundamental to the country's prosperity.

Thus, the government soon reclaims, in the form of taxes, land, and loans given to peasants to expand cultivation.

Borrowing repeatedly from Greeks abroad, from foreign banks, and from other European states, the government incurs formidable debts and establishes a pattern that will endure throughout this age.

Such obstacles do not prevent Greece’s revival from the devastation of eleven years of war.

To the new capital, Athens, is added a royal palace and mansions to house the political elite who flock there.

Resettlement in the countryside allows agricultural production to rebound.

The merchant marine recovers from its wartime losses, Greek merchants once again handle much of the seagoing freight of the Mediterranean.