Development of the economy in 19th century


Budapest as the largest river port of the Danube, it became an entrepôt for raw materials, like timber and grain, and was where the products of an enormous agricultural hinterland were processed, stored and sold. According to some estimates, it was the world's second largest centre of milling industry early this century. Profits from the export of agricultural products of the Hungarian Plain all found their way to the commercial centre. Up-to-date engineering and electrical works also appeared, and by the beginning of the twentieth century Budapest had become a centre of modern large-scale industry.