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The Slovak part of Czechoslovakia made major gains in industrial production in the 1960s and 1970s. By the 1970s, its industrial production was near parity with that of the Czech lands . Slovakia's portion of per capita national income rose from slightly more than 60 percent of that of Bohemia and Moravia in 1948 to nearly 80 percent in 1968 ...
The industrial base grew rapidly, as recorded by the official index of industrial production. Starting from a base of 100 in 1948, the index increased to 371.9 in 1960 and 665.5 in 1970. The late 1970s witnessed some deceleration in industrial growth, and the index increased from 921.4 in 1975 to 1,156.7 in 1980. In 1985 the index reached 1,322.
Following the Soviet example, Czechoslovakia began emphasising the rapid development of heavy industry. The industrial sector was reorganised with an emphasis on metallurgy, heavy machinery, and coal mining. Production was concentrated in larger units; the more than 350,000 units of the pre-war period were reduced to about 1,700 units by 1958.
In the mid-1980s, Communist Czechoslovakia was prosperous by the standards of the Eastern Bloc, and did well in comparison to many richer western countries.Consumption of some goods like meat, eggs and bread products was even higher than the average countries in Western Europe, and the population enjoyed high macroeconomic stability and low social friction. [1]
The former Austrian provinces of Bohemia, Moravia and Silesia that now comprise the modern Czech Republic had been the industrial heartland of the Austrian empire, where the majority of the arms for the Imperial Austrian Army were manufactured, most notably at the Škoda Works. One consequence of this legacy was that Czechoslovakia was the only ...
In Bohemia, a vigorous industrial revolution transformed a peasant nation into a differentiated society that included industrial workers, a middle class, and intellectuals. Under the influence of the Enlightenment and romanticism, the Czech national revival led to the establishment of the National Museum in 1818 and the National Theatre in 1881 ...
Before World War II, the economy was about the fourth in all industrial countries in Europe. [citation needed] [clarification needed] The state was based on strong economy, manufacturing cars (Škoda, Tatra), trams, aircraft (Aero, Avia), ships, ship engines , cannons, shoes , turbines, guns (Zbrojovka Brno). It was the industrial workshop for ...
Czechoslovakia's service sectors were less developed than those of the more industrialized countries of Western Europe, and the 1980s employment in services continued to expand faster than employment in the productive sectors. The expansion placed additional constraints on industrial enterprises seeking to fill positions.