    (, literally: "the founder epoch"), also referred to as promoterism, was the economic phase in 19th century germany and austria before the great stock market crash of 1873. at this time in central europe the age of industrialisation was taking place, whose beginnings were found in the 1840s. no precise time for this phase can be given, but in austria the march revolution of 1848 is generally accepted as the beginning for economic changes, in contrast to political reforms. in germany, as a consequence of the large influx of capital resulting from french war reparations from the franco-prussian war of 1870â1871, and the subsequent german unification, there followed an economic boom, giving rise to the description of these years as the "founding years." these years in central europe were a time that citizens increasingly influenced cultural development. this was also the epoch of classical liberalism, even if the political demands of the time were only partially met, and then only in the later period. industrialisation also posed aesthetic challenges, above all in the fields of architecture and craftsmanship, through development of existing forms, rather than innovation as such. in common parlance the term  is often mingled with historicism, which was the predominant architectural style after 1850 until 1914, leading to a blurring of the terms. in historical context different decades are often also called . for this reason, the term  is used to refer to several periods; for example 1850-1873, 1871â1890, sometimes 1850â1914 for the architecture, or even just the years 1871â1873. == economy == the german term  refers to the great economic upswing in the mid-19th century, when the founders of business (entrepreneurs, ) could apparently become rich overnight. of particular importance for speedy economic development was the rise of a developed railway system. not only was it a major factor in its own right on the business scene of the time, but it also permitted further development through improved communication and migration. rural migration to the cities assisted the development of a proletariat, with an attendant increase in social problems. the huge stock market crash of 1873, combined with economic overheating due to enormous french reparations from the war, put an abrupt end to this upswing, referred to in german as the founding epoch crisis (), resulting in a twenty-y
19th_century_in_Germany 19th_century_in_art Architectural_styles Historical_eras Interior_design