Germany experiences an economic boom immediately after…
1864 CE to 1875 CE
For the first time, the country is a single economic entity, and old impediments to internal trade are
lifted.
The federal chancellery publishes a new commercial code and establishes a uniform currency.
The indemnity that France has to pay Germany after losing the 1870-71 war provides capital for railroad construction and building projects.
A speculative boom results, characterized by large-scale formation of joint-stock companies and unscrupulous investment practices.
This period of intense financial speculation and construction, called by Germans the Grunderzeit (founders' time), ends with the stock market crash of 1873.
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