"The sharp down-turn in the European economy in the 1870s had produced in most advanced economies save Britain a 'return to protection', marked especially by Bismarck's split with the Liberals, his imposition of protective tariffs in 1879, and the development in the Second Reich of a political economy of cartelization married to harrying the trade unions and suppressing the S.P.D. For those who wished an alternative to the British liberal state, here was one, with all its implications and consequences. Few, of course, advocated out-and-out Germanization, but increasingly Germany was coming to be regarded as the alternative model, the seed-bed for the future."
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H. C. G. Matthew, Gladstone, 1875–1898 (1995), p. 82
https://en.wikiquote.org/wiki/Economy_of_Europe
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Economy of Europe
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