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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 ...
The Greater Germanic Reich (German: Großgermanisches Reich), fully styled the Greater Germanic Reich of the German Nation (German: Großgermanisches Reich der Deutschen Nation), [4] was the official state name of the political entity that Nazi Germany tried to establish in Europe during World War II. [5]
The Nazi Party, led by Adolf Hitler, blamed Germany's ruined economy on the harshness of the Versailles Treaty, on faults of democracy, and on the stab-in-the-back legend. In Germany, as in post-Austro-Hungarian Austria , citizens recalled the pre-war years under autocratic rule as prosperous but the post-war years under weak democratic rule as ...
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.
The Berghof, Hitler's private retreat, was renovated at a massive cost, all of it paid for with Nazi Party donations. While hyperinflation of the Weimar Republic had crippled the German economy and plunged millions of German workers into unemployment, Hitler and his party received lavish donations from wealthy benefactors at home and abroad. [18]
The ruling political elites of Germany accepted the Mitteleuropa plan during World War I while drawing out German war aims and plans for the new order of Europe. [17] Mitteleuropa was to be created by establishing a series of puppet states whose political, economic and military aspects would be under the control of the German Reich. [20]
A Eurozone official told Reuters in July 2012 that Spain conceded for the first time at a meeting between Spanish Economy Minister Luis de Guindos and his German counterpart Wolfgang Schaeuble, it might need a bailout worth 300 billion euros if its borrowing costs remained unsustainably high. On August 23, 2012, Reuters reported that Spain was ...