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HistoryModern MacedoniaThe period from 1870 to 1913Economic Developments (1870-1913)

Economic Developments (1870-1913)

The primary sector
Foreign trade
Market organization

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The Thessaloniki customs-house
The customs building in the port of Thessaloniki, built by the architect Eli Modiano in 1910, Thessaloniki.

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The creation of the new Balkan states along ethnic lines, the construction of the railroads, and the economic ascendancy of the German-speaking countries altered the European share of the Macedonian market in the period from 1870 up until the Balkan Wars. France and Britain in turn lost part of the Macedonian market to Austria-Hungary as well as to other central and northern European nations (Belgium, Germany).

Meanwhile, the improvement in the credit system, the founding of new banks, and the change in the whole trade network contributed to an impressive rise in imports (despite increased customs duties), especially between 1900 and 1912, in all Macedonian cities and towns, but primarily in the ports of Thessaloniki and Kavala.

The Thessaloniki customs-house
Built 1910

See Also
History - Political developments (1870-1913)
Foreign trade (1430-1821)
Market organization (1821-1870)
Civilization - Civilization in Modern period
In Focus - Railways in Modern Macedonia
The Macedonian Struggle

Macedonian Heritage
Content courtesy Ekdotike Athenon S.A.