19th century Economy of Madrid

madrid stock exchange, 1878-1893

as nineteenth century progressed madrid became more integrated national trade networks. associated development of railways , political , economic changes of liberal era, including expropriations of property religious institutions.

unlike many of other cities in spain , elsewhere in europe, madrid did not become leading center of industry during nineteenth century. construction remained 1 of principal forms of economic activity: when first rail link built, aranjuez, used bringing in timber construction, there little industrial plant needing supply of other materials. 1 indicator of madrid’s industrial weakness how little workers’ movement developed there, center of gravity remaining in barcelona. founding of psoe socialist party , ugt trade union in madrid led pablo iglesias, printing worker: publishing of long-standing forms of enterprise in capital.