Torberian Economic Miracle

The Torberian economic miracle (Torberian: Viśretsaftjátkirátlan) is a term employed to describe the rapid industrialization and growth of Torberia between the early 1930s until the Torberian economic collapse of 1969.

Beginning with the enactment of the First Modernization plan by the minister of modernization and development Vétlan in the early 30s, a long period of fast economic growth, modernization and industrialization guided by Vétlan and his clique started, lasting all the way until 1969.

= The miracle =

Before the miracle
Before the miracle, the torberian economy was in ruins. The country was still destroyed by the civil war which had happened only 10 years before, reconstruction still hadn't started, due to Kébrennt putting most of the country's limited resources on putting down the last vestiges of resistance against his rule, and preventing another slave rebellion, like the 1920 slave rebellion. Torberia during that time was considered a third world country, with its standards of life and its economy being way behind the rest of Velizka, and there weren't any signs of the situation improving soon.

The Tólkásnêu
With the crushing of the last remnants of the insurgency in Turiam, and most of the former government being either in jail, executed or missing, Kébrennt finally gave the minister of modernization and development, Hálstat vák Têurestam-Hórelat, the green light to start his plans. Têurestam brought his fellow jaturnian, and long time friend, Térat vák Vétlan-Késlat to the government. Têurestam, on behalf of Vétlan, convinced Kébrennt to put an end to the reign of terror, as most of his opposition was gone already and to open the torberian economy to foreign investment. Now that they had everything ready, the two ministers started their ambitious plans.

First, they enacted their massive reconstruction plans. But their ambitious plans required a big workforce, but they didn't have that much money to pay their workers with, so they switched to the slave method. They made deals with the biggest slave owners in the country, making promises of wealth and accusing everyone who refused of treason around all of torberia. Fueled by the abundant slave labour within torberia, the country's infrastructure and its small factories began to be rebuilt, while the torberian citizens started leaving the farms and migrating to the cities to work in the new factories. After a few years, the second part of the plan began, with the slave focus shifting from being the main part of the modernization efforts to being a supportive role, taking the jobs no citizen wants to do, like mining coal.

The Second Plan
Now that the Reconstruction had finished, the great industrialization drive had begun. With the recent exodus from the rural areas, the ministers now believed it was time to start the second part of the modernization plans, Industrialization. To start the torberian industry, the government started their funding plan on native torberian industries, to make sure they expanded while also opening the country to foreign companies. Due to the fact torberia was untapped market, with few labour protections and with a strong government who would crack down on strikes, foreign companies flocked to torberian soil.

The funding plan was directed through the "Héisenrat", a body made up of those slaveowners who had complied with the government during the earliest stages of the plan, or directly like in the case of the Téirannfirma or the Sêuretkáltfirma. This body was pretty corrupt, always favouring their members' industries before the rest, which caused them to grow faster than the other companies and eventually made them able to integrate the smaller companies, which made them even stronger.

This plan quickly yielded a big amount of profits for the torberian government, which it reinvested in the Héisenrat, which made the native industries even stronger, which gave them more money to work with, and so on and so on.

The second plan was mostly centered on the Rjénberem-Torberian Islands, which created giant inequalities between the states, which are seen still today. While the states of Rjénberem and Torbera almost doubled in population and the standards of life grew massively, in other states, like Estebia and Torberian Yalova, didn't change at all during this period, seeing almost no effect from it until the third plan started.

The Guided Economy
After the death of Têurestam, the course of the industrialization changed drastically. Vétlan was a strong proponent of the economy being guided by the torberian government, while Têurestam believed that the free market would end up sorting everything out. With his death, Vétlan was given free reign over the economy, and started his own plans.

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