Antiqua Print Gallery Austro-Hungarian compromise 1867
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Austro-Hungarian compromise 1867

The Austro-Hungarian Compromise of 1867 (German: Ausgleich; Hungarian: Kiegyezés) established the Dual Monarchy of Austria-Hungary, formerly the Habsburg Empire. Signed by Emperor Franz Joseph of Austria and a Hungarian delegation led by Ferenc Deák, the Compromise established the framework of the new government in which the Cisleithanian (Austrian) and Transleithanian (Hungarian) regions of the state were governed by separate Parliaments and Prime Ministers. Unity was maintained through a common ruler, military, and several ministries. The Compromise was formally voted on by the restored Hungarian Diet on 30 March 1867.
Under the Compromise of 1867, Austria-Hungary had two capital cities, Vienna and Buda (subsequently Budapest). The two regions had separate Prime Ministers and Parliaments that created and maintained different laws. Austria-Hungary remained unified through several ministries and in the form of a single ruler, Emperor-King Franz Joseph. The army and navy were managed by a common Ministry of Foreign Affairs. Trade regulation was also unified under the Ministry of Finance. Terms of the Compromise were renegotiated every ten years.
Franz Joseph I Karl (-German, I. Ferenc József in Hungarian, in English Francis Joseph I Charles, see the name in other languages) (18 August 1830 – 21 November 1916) of the Habsburg Dynasty was Emperor of Austria from 1848 until 1916 and King of Hungary from 1867 until 1916 .

(Source Wikipedia)