11. Compromise Of 1867 Flashcards
What was the Compromise of 1867?
It was an agreement between Austria and Hungary to save the Habsburg Empire.
Who played a key role in the compromise?
Ferenc Deák, a Hungarian statesman.
What were the goals of Hungarian political leaders during the negotiations?
Regaining lost status and restoring reform laws after the 1848 Revolution.
What kind of system was established by the Compromise of 1867?
Austria-Hungary became a dual monarchy.
How were the shared responsibilities managed?
Common delegations were formed with representatives from both countries.
What did the compromise aim to ease in Hungary?
Tensions between the Magyars and the Slavs.
What was the outcome for Hungary’s sovereignty?
Partial restoration of its former sovereignty.
How was the new state governed?
Under a dual monarchy system with two centers in Vienna and Pest.
What was the currency established through the compromise?
A common currency called the crown.
What were the pros and cons of the compromise?
Pros: Self-rule, prevention of absolutism, and economic development.
Cons: Relinquishment of 1848 gains and criticism of compromising independence.
What were the main responsibilities overseen by the common ruler in the dual monarchy?
Foreign affairs, military matters, and finances.
How were the common delegations formed and who elected their members?
Representatives from both Austria and Hungary; elected by the parliaments of the two countries.
What was the initial duration of the economic compromise, and how often was it renewed?
Initially signed for ten years; renewed every ten years.
What was the proportion of financial contributions for shared responsibilities?
Austria paid 70%, Hungary paid 30% for costs related to foreign affairs and the military.
What did supporters of the compromise believe it provided?
Stability, self-rule, and a democratic system.
