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HistoryModern MacedoniaThe period from 1821 to 1870Economic developments (1821-1870)

Economic developments (1821-1870)

The primary sector
Foreign trade
Market organization

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Late 19th cent. picture postcard with an ox-cart in Thessaloniki, Thessaloniki, G. Megas archive.

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Late 19th cent. picture postcard

After the turmoil caused by the Napoleonic Wars (1815) and the Greek rebellion in Macedonia (1821-1822), the region's trade regained its rhythm slowly. Not until after 1840 was some improvement noted, and this was interrupted by periods of instability provoked by the freedom fighters in the interior and by poor harvests. During this time, Britain dominated the import trade of cotton and iron, while the position held by France up to then was taken over by Austria-Hungary.

The demand for wheat and cotton in the 1850s and '60s revitalized the big trade fairs and traffic increased at the ports of Thessaloniki and Kavala, where new steamship companies began to operate. The fact that cotton exports from Kavala increased thirty-fold was characteristic of the times.

See Also
History - Foreign trade (1430-1821)
Foreign trade (1870-1913)
Civilization - Civilization in Modern period
In Focus - Thessaloniki from the 18th to the 20th century

Macedonian Heritage
Content courtesy Ekdotike Athenon S.A.