Austria-Hungary, often referred to as the Austro-Hungarian Empire or the Dual Monarchy, was a multi-national constitutional monarchy in Central Europe between 1867 and 1918. Austria-Hungary was a military and diplomatic alliance of two sovereign states, with a single monarch who was titled both Emperor of Austria and King of Hungary. Austria-Hungary constituted the last phase in the constitutional evolution of the Habsburg monarchy: it was formed with the Austro-Hungarian Compromise of 1867 in the aftermath of the Austro-Prussian War and was dissolved shortly after Hungary terminated the union with Austria on 31 October 1918. One of Europe's major powers at the time, Austria-Hungary was geographically the second-largest country in Europe after the Russian Empire, at and the third-most populous (after Russia and the German Empire). The Empire built up the fourth-largest machine-building industry in the world, after the United States, Germany and the United Kingdom. Austria-Hungary also became the world's third-largest manufacturer and exporter of electric home appliances, electric industrial appliances, and power generation apparatus for power plants, after the United States and the German Empire, and it constructed Europe's second-largest railway network after the German Empire. With the exception of the territory of Bosnian Condominium, Empire of Austria and the Kingdom of Hungary were separate sovereign countries in international law. Thus separate representatives from Austria and Hungary signed peace treaties agreeing to territorial changes, for example the Treaty of Saint-Germain and the Treaty of Trianon. Citizenship and passports were also separate. At its core was the dual monarchy which was a real union between Cisleithania, the northern and western parts of the former Austrian Empire, and the Kingdom of Hungary. Following the 1867 reforms, the Austrian and Hungarian states were co-equal in power. The two countries conducted unified diplomatic and defence policies.

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