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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 ...
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 ...
This strategy failed as Germany lost the war, which left the new Weimar Republic saddled with massive war debts that it could not afford: the national debt stood at 156 billion marks in 1918. [3] The debt problem was exacerbated by printing money without any economic resources to back it. [1]
As Germany was rearming against the terms of the Treaty of Versailles, the Nazi government needed a form of money that did not leave a paper trail and allowed them to spend past the treaty terms on military rearmament. [2] It is assumed that billions of MEFO bills were issued throughout the regime's time in power, though the records are not ...
The Four Year Plan was a series of economic measures initiated by Adolf Hitler in Nazi Germany in 1936. Hitler placed Hermann Göring in charge of these measures, making him a Reich Plenipotentiary (Reichsbevollmächtigter) whose jurisdiction cut across the responsibilities of various cabinet ministries, including those of the Minister of Economics, the Defense Minister and the Minister of ...
The German revolutions of 1848–1849 failed but the Industrial Revolution modernized the German economy, leading to rapid urban growth and the emergence of the socialist movement. Prussia, with its capital Berlin, grew in power. German universities became world-class centers for science and humanities, while music and art flourished.
Pages in category "Economic history of Germany" ... Allied plans for German industry after World War II; Anglo-German Payments Agreement; Auxiliary Services Act (1916) B.
The Wirtschaftswunder (German: [ˈvɪʁt.ʃaftsˌvʊndɐ] ⓘ, "economic miracle"), also known as the Miracle on the Rhine, was the rapid reconstruction and development of the economies of West Germany and Austria after World War II. The expression referring to this phenomenon was first used by The Times in 1950. [2]