what do you mean by Zollverein
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1) (in the 19th century) a union of German states for the maintenance of a uniform tariff on imports from other countries, and of free trading among themselves. 2. any similar union or arrangement between a number of states; customs union. Origin of Zollverein.
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Zollverein is a Prussian-led German customs union that was founded in 1834.
About Zollverein:
- The Zollverein, or German Customs Union, was a group of German states that came together to control customs and economic policies on their soil.
- It was formally inaugurated on January 1, 1834, as a result of the Zollverein treaties of 1833.
- Prussia initiated the formation of a customs union, or Zollverein, in 1834.
- The majority of German states joined it.
- The goal of Zollverein was to economically unite the Germans.
- Through a synthesis of individual and regional interests, it served to arouse and raise national spirit among the German people.
- The Zollverein was primarily responsible for the elimination of tariff barriers between member states and the adoption of a single external tariff for non-members.
- One research found that "During the middle of the nineteenth century, the Zollverein was the most important institutional development for Germany's economic unity. It had a significant influence on regional growth, shifting regional fortunes as markets opened and closed."
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