Austria - Austria's Integration with the West

NASDAQ   Annuity   Common Stock   Securitization   Income Funds   Growth Funds   Corporate Bond   Mortgage Securities   

Early Soviet expectations for domination of Austria were pinned on a serious misreading of the KPÖ's electoral strength, and reality forced the Austrian Communists and their Soviet backers to turn to extraparliamentary means. With the Soviet Union occupying Austria's industrial heartland, the KPÖ hoped first to gain control of the labor movement and then to exploit popular discontent with the difficult postwar economic situation to bring mass pressure to bear on the government. As part of its overall strategy, the KPÖ sought to weaken the SPÖ by encouraging party factionalism and to undermine the cooperation between the two major parties. Similar tactics successfully brought Communists to power in neighboring East European countries in the late 1940s. But in Austria, Socialists united around Renner's social democratic approach and managed to outflank the Communists for worker support, as they had done after World War I.

In 1947 and 1948, the Soviet Union attempted to block Austria's participation in United States-sponsored aid programs, including the European Recovery Program (known as the Marshall Plan), and in the fall of 1947 the KPÖ pulled out of the coalition government over this issue. Ironically, the provisions that the Soviet Union itself had sought in the 1946 Control Agreement enabled Austria to freely sign the aid agreements and join the Organisation for European Economic Co-operation (OEEC), the body charged with planning how to use the Marshall Plan. Membership in the OEEC facilitated Austria's economic integration with the West and provided the economic basis for a stable parliamentary democracy in the postwar period.

Data as of December 1993


Next Page    Prev Page    Index Page    

Other Links:  MarketSigns.com  IRS Tax Info  Employer's Guide for Tax  Individual Federal Tax  Tax for Small Business  Tax on Med&Dental Exp.  TaxonChild&Dep.care Exp.    
Countries  Seychelles  Singapore  Somalia  SouthKorea  Spain  SriLanka  Sudan  Syria  Thailand