Paul Sorrells

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In addition, armed neutrality in the Crimean War caused government indebtedness to rocket. To try and deal with this situation, railway lines were privatized and taxes raised, but in 1857 a general European financial crisis hit the banks in Vienna particularly hard and required further economies. Under severe financial pressure, the government was forced to make savage cutbacks in expenditure on the army.
The Pursuit of Power: Europe 1815–1914 (The Penguin History of Europe Book 7)
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