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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 ...
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.
9 August: Konrad Piecuch, a Polish communist activist who took part in Silesian Uprisings against German rule is murdered in Germany by SA; Hitler defends the murderers in German press. 6 November: Reichstag election: Nazi Party loses ground with 11.7 million votes (33.1%) and 196 out of 584 seats.
American credit disappeared with the United States stock market crash in October 1929, severely hurting European businesses and causing a drastic rise in unemployment. As the economies in Austria and Germany appeared to be in danger of collapsing, the United States suspended war reparations, which had a chain reaction across Europe.
“A lot has been left behind here over the past decades,” Alfred Kammer, IMF's Europe head, said on Germany's lagging economy. IMF sounds the alarm: ‘There can be no productive economy’ in ...
The Weimar Republic, [d] officially known as the German Reich, [e] was a historical period of Germany from 9 November 1918 to 23 March 1933, during which it was a constitutional republic for the first time in history; hence it is also referred to, and unofficially proclaimed itself, as the German Republic.
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.