Switzerland As A Federal State - Industrialisation and Economic Growth

Industrialisation and Economic Growth

The 1847 to 1914 period saw the development of the Swiss railway network. The Schweizerische Nordbahn (SNB) society opened the first railway line on Swiss soil in 1847, connecting Zürich and Baden. The Gotthard Rail Tunnel was completed in 1881.

The Swiss watchmaking industry has its origins in the 18th century, but boomed during the 19th century, turning the village of La Chaux-de-Fonds into an industrial center. Rapid urban growth also enlarged Zürich, which incorporated its industrial suburb Aussersihl into the municipality in 1891.

Banking emerged as a significant factor in Swiss economy with the foundation of the Union Bank of Switzerland in 1862, the Swiss Bank Corporation in 1872.

The Golden age of alpinism in the 1850s to 1860s lay the foundation to the tourism industry.

Read more about this topic:  Switzerland As A Federal State

Famous quotes containing the words economic and/or growth:

    The American suffrage movement has been, until very recently, altogether a parlor affair, absolutely detached from the economic needs of the people.
    Emma Goldman (1869–1940)

    Hence, the less government we have, the better,—the fewer laws, and the less confided power. The antidote to this abuse of formal Government, is, the influence of private character, the growth of the Individual; the appearance of the principal to supersede the proxy; the appearance of the wise man, of whom the existing government, is, it must be owned, but a shabby imitation.
    Ralph Waldo Emerson (1803–1882)