Czechoslovakia inherited the bulk of existing industrial assets following the breakup of the Austro-Hungarian Empire after World War I. Industrialization continued in the interwar years. Even before World War II, the country's armaments and heavy industries were producing commodities accepted throughout the world. World War II left Czechoslovak industrial facilities largely intact. In the late 1940s, Czechoslovakia was one of the most industrialized countries in the world, and the quality of its products was comparable to that of other industrialized countries.