State intervention in fiscal matters was relatively restrained, although the National Bank of Austria was established in 1816 to restore the nation's credit status. Taxation was largely left to the provinces and uneven within the empire, Hungary paying disproportionally less. The aristocrats were also undertaxed. One of the results was that the military budget was relatively small, and thus unable to give much force to Metternich's foreign policies. Economic growth was relatively small and did not keep pace with population growth. Industrialisation in Austria began around 1830, primarily in Vienna and Vorarlberg. 1838 saw the first railway, connecting Vienna and Deutsch-Wagram, a distance of about 15 km, and construction on the Austrian Southern Railway (Österreichische Südbahn) started the following year. In shipping, the Danube Steam Navigation Company was established in 1829, while Austrian Lloyd became the largest shipping company in the Mediterranean. These economic developments came at a cost as large numbers of farm workers migrated to the growing urban industries to form an expanding proletariat.
State intervention in fiscal matters was relatively restrained, although the National Bank of Austria was established in 1816 to restore the nation's credit status. Taxation was largely left to the provinces and uneven within the empire, Hungary paying disproportionally less. The aristocrats were also undertaxed One of the results was that the military budget was relatively small, and thus unable to give much force to Metternich's foreign policies. Economic growth was relatively small and did not keep pace with population growth. Industrialisation in Austria began around 1830, primarily in Vienna and Vorarlberg. 1838 saw the first railway, connecting Vienna and Deutsch-Wagram, a distance of about 15 km, and construction on the Austrian Southern Railway (Österreichische Südbahn) started the following year. In shipping, the Danube Steam Navigation Company was established in 1829, while Austrian Lloyd became the largest shipping company in the Mediterranean. These economic developments came at a cost as large numbers of farm workers migrated to the growing urban industries to form an expanding proletariat.