!!!Ausgleich, österreichisch-ungarischer

Compromise, Austro-Hungarian (Ausgleich), agreement signed March 15, 
1867 on the political relationship between Austria and Hungary; 
replaced the Austrian Empire with what was called the Austro-Hungarian 
Dual Monarchy (until 1918). After a constitutive Hungarian ministry 
had been formed (February 1867), Count F. Beust conducted negotiations 
for Austria with the Hungarian representatives Count J. 
Andrássy the Elder and F. von Deák. Foreign, 
military and financial affairs, and from 1878 the administration of 
Bosnia and Herzegovina were placed under the authority of shared 
ministries (pragmatic affairs). The rates of contribution to common 
expenses were originally 70 % for Austria, 30 % for Hungary, 
and from 1907 they were 63.4 and 36.6 %, respectively. 
Common national debt, trade and customs policy, central banks and the 
issuing of currency as well as the railroads were handled separately 
(dualistic affairs).

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The shared authorities and affairs of the Hungarian and Austrian parts 
of the monarchy were referred to as "kaiserlich und koeniglich" 
(imperial and royal, abbreviated "k. u. k."), those specific 
to the Austrian part were "kaiserlich-koeniglich" (imperial-royal, 
abbreviated "k. k."), which corresponded to the term "koeniglich 
ungarisch" (royal Hungarian, abbreviated "k. ung.") in Hungary. 
The legislative body for "k. u. k." affairs comprised 
delegations of 60 members each, elected for 1 year only and convened 
alternately in Vienna and Budapest. The Compromise did not in any way 
effect the intended solution to the  Nationalitaety Question and the 
protection of the dual monarchy's integrity. The Slavs in particular, 
as well as the Hungarian Independence Party, were dissatisfied with 
this solution.

!Further reading
Der oesterreichisch-ungarische Ausgleich von 1867, 
published by Forschungsinstitut fuer den Donauraum, 1967; Der 
oesterreichisch-ungarische Ausgleich von 1867, book series by the 
Suedostdeutsche Histor. Kommission 20, 1968; Historisches Geschehen im 
Spiegel der Gegenwart, Oesterreich-Ungarn 1867-1967, Institut fuer 
Oesterr.-Kunde, 1970.


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