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In December 1941, when the United States entered the war against Germany, 250 American firms owned more than $450 million of German assets. [13] Major American companies with investments in Germany included General Motors, IT&T, Eastman Kodak, Standard Oil, Singer, International Harvester, Gillette, Coca-Cola, Kraft, Westinghouse, and United Fruit.
While being under German control, the Reichswerke had the great majority of its assets and workforce located outside of Germany, since it had grown largely by absorbing non-German companies from conquered territories before and during the war. 70 per cent of its net assets and 76.5 per cent of its workforce were outside of the Reich by 1943 ...
The year 1989 was the last year of the West German economy as a separate and separable institution. From 1990 the positive and negative distortions generated by German reunification set in, and the West German economy began to reorient itself toward economic and political union with what had been East Germany. The economy turned gradually and ...
German President Frank-Walter Steinmeier and U.S. President Joe Biden in October 2023. Before 1800, the main factors in German-American relations were very large movements of immigrants from Germany to American states (especially Pennsylvania, the Midwest, and central Texas) throughout the 18th and the 19th centuries.
Hitler completely reorganized the economic landscape in Nazi Germany. The Reichswirtschaftskammer ("Reich Economic Chamber") consisted of over two hundred organizations and national councils involved in industry, commercial, and craft lines. Large public works programs, such as the construction of the Autobahn, stimulated the economy and ...
Adopted by the Nazi Party in the 1930s, Hitler's infamous "sieg heil" (meaning "hail victory") salute was mandatory for all German citizens as a demonstration of loyalty to the Führer, his ...
West Germany also joined the North Atlantic Treaty Organization and the European Economic Community. East Germany's economy, centrally planned in the Soviet style, grew increasingly stagnant; the East German secret police tightly controlled daily life, and the Berlin Wall (1961) ended the steady flow of refugees to the West.
Germany’s economy is in a slump, battling a slew of short-term problems and structural challenges. Will it remain stuck in the slow lane or can it be revived? Europe’s growth engine is sputtering.