A Pioneer Land of the Industrial Revolution in Transition
The Industrial Age begins in Saxony as early as around 1800. The preconditions of industrialisation are the geographical location, a well-developed agriculture and a distinctive business setting. The transition to factory work begins with drapery, which is closely connected to the development of mechanical engineering. Saxon citizens and immigrants establish highly specialised companies. By the beginning of the 20th century, Saxony is Germany’s most industrialised region.
Dramatic structural consequences follow and help bring about both World Wars, National Socialism and the extensive nationalisation of the industry in the aftermath of the division of Germany. As a result, the economy in Saxony suffers the loss of most of its innovative capacity. The Peaceful Revolution of 1989/90 is followed by a quick transition to a free market economy. Saxony copes with the most significant structural transformation in its history by returning to traditional strengths and building up new industrial sectors.