Saxenheim

On the 12th of May 1876 Saxenheim became an independent country, after the fall of the Saxon Empire and the exile of the then-royal family; the empire peaceably split into nine, autonomous, constitutional monarchies, including Saxenheim.

After a year and a half of relentless work where all of the first legislature's lawmakers collaborated, with great sense of responsibility and the support of the nation's most prominent lawyers and political scientists, Saxenheim finally got its own Constitution, enacted on the 20th of February and coming into effect on the 1st of March.

On the 15th of September, Saxenheim's Constitutional Court finally comes into operation. Up to that point, constitutional review was not technically possible, leaving several laws of dubious constitutionality go unchecked. The court was and still is comprised of nine (four nominated by the Parliament, five by the judiciary, amongst law professors, judges, prosecutor or lawyers with at least twenty years of experience) judges elected for a single, non-renewable seven-year term.

After years of protests and political debate, Saxenheim finally introduced voting rights for women, which could vote, for the first time, in the Bundestag elections held on the 23rd of May 1955.

On the 1st of January 1961, after a referendum was held where pro-republic voters won with a crushing majority of 83,8% of valid votes, the necessary constitutional amendments came into effect and Saxenheim officially became a parliamentary republic, as it is still known today.

In early 1995 Internet was introduced in Saxenheim, which became one of the very first countries to invest huge resources into cabling urban areas, which enjoyed speeds up to a whopping 28.8 Kb/s. As a consequence, between 1995 and 1999 computers and PDAs sales almost tripled, contributing to Saxenheim’s digitalisation.

From the 1980s to 1998, Saxenheim's exports to Asia and especially the Far East grew by nearly 100%, with Exports to Asia creating 16% of the Budget Surplus in 1997. When the 1997 Asian Financial Crisis happened, Saxenheim lost more than one major trade partner (South Korea, Indonesia, Japan) in just days. Government deficits rose sharply as a panic started in the stock market and created a put options bubble in Late 1997. And by 1998, with so many investors basically betting on an economic collapse, the SASDAQ(Saxenheim Dealers Automated Quotations) lowered the points of huge industries, and by March 15, the economy collapsed, and by April 26, Saxenheim was nearly in bankruptcy. But thanks to a huge recovery plan before the real disaster, Saxenheim recovered by 1999 with a flash recovery.