Indicate the features of the economic development of France in the late 19th century and early 20th century.

During this period of time, France was one of the most developed countries in economic terms. Nevertheless, in terms of industrial production, it lagged behind the United States, England and Germany. It is also worth noting that the defeat in the war with Prussia negatively affected its economic development. In addition, most of the country’s enterprises were poorly mechanized.

At the same time, at the end of the 19th century, large industrial and financial campaigns began to play an increasing role in France. The banking sector also developed at a rapid pace. In addition, even at that time, a significant part of the population lived in villages, nevertheless, in agriculture, France lagged behind other advanced countries in development.