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Long time Quote by Stefan Zweig

“While the Austrian crown was dissolving like jelly in your fingers, everyone wanted Swiss francs and American dollars, and large numbers of foreigners exploited the economic situation to feed on the twitching corpse of the old Austrian currency. Austria was ‘discovered’, and became disastrously…” quote by Stefan Zweig
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““While the Austrian crown was dissolving like jelly in your fingers, everyone wanted Swiss francs and American dollars, and large numbers of foreigners exploited the economic situation to feed on the twitching corpse of the old Austrian currency. Austria was ‘discovered’, and became disastrously popular with foreign visitors in a parody of the society season. All the hotels in Vienna were crammed full with these vultures; they would buy anything, from toothbrushes to country estates; they cleared out private collections of antiquities and the antique dealers’ shops before the owners realised how badly they had been robbed and cheated in their time of need. Hotel receptionists from Switzerland and Dutch shorthand typists stayed in the princely apartments of the Ringstrasse hotels. Incredible as it may seem, I can vouch for it that for a long time the famous, de luxe Hotel de l’Europe in Salzburg was entirely booked by unemployed members of the English proletariat, who could live here more cheaply than in their slums at home, thanks to the generous unemployment benefit they received. Anything that was not nailed down disappeared. Word gradually spread of the cheap living and low prices in Austria. Greedy visitors came from further and further afield, from Sweden, from France, and you heard more Italian, French, Turkish and Romanian than German spoken in the streets of the city centre of Vienna.””

Stefan Zweig

About This Quote

Source Book: The World of Yesterday by Stefan Zweig, 1942

Post‑war Austria became a magnet for opportunistic tourists and profiteers, draining its economy and culture while locals suffered.

In simple terms: Foreign visitors exploited Austria’s crisis, buying everything cheap.

Key Takeaway

Beware of economic exploitation during crises.

Themes

tourism exploitation economic crisis social upheaval

Mood

cautious reflective

Type

historical sociopolitical

When to use this quote

  • travel industry
  • heritage preservation
  • local business
  • policy making

Key Concepts

inflation tourist boom social collapse

Questions to Reflect On

  • How can societies protect local economies from predatory tourism?
  • What safeguards prevent cultural loss during economic turmoil?
A Different Perspective

Such influx can erode cultural identity and strain resources.

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