Transition to the peace economy of the successor states (comparison of Austria and Czechoslovakia) after 1918

This paper deals with the analysis, evaluation and comparison of selected economic policy areas of the countries that have arisen in the area after the collapse of monarchy. The work is mainly devoted to Czechoslovakia and Austria during the interwar period (1918–1925). This is an economic view of the development of two neighboring states that have a long common history. The aim of the thesis is to analyze both economic systems, reminding them that they came from common historical foundations, the evaluation of their transition to the new – peace economy and the evaluation of the economic results of the two countries in the international comparison at the beginning of the 20th century. On the basis of a thorough evaluation of the objectives, instruments and impact of the economic policies of the two successor States, the aim of the dissertation is to prove that, although the subsequent development of the two states was different, the economic policy of the governments was essentially comparable, similar conditions after the break-up of the Austro-Hungarian Monarchy, and they had to cope with the effects of similar problems (collapse of the single market, the over-sized industry, the currency separation). In the individual chapters of the dissertation there are presented substantial identical but also different features in selected types of economic policies. Based on the comparison of these main trends, despite some differences in the partial characteristics of selected economic policy types, it can be concluded that the economic policies of the successor state governments were similar in surprisingly many aspects.