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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 ...
The European interwar economy (the period between the First and Second World War, also known as the interbellum) began when the countries in Western Europe were struggling to recover from the devastation caused by the First World War, while also dealing with economic depression and the rise of fascism.
We argue, however, that the Marshall Plan did play a major role in setting the stage for post-World War II Western Europe's rapid growth. The conditions attached to Marshall Plan aid pushed European political economy in a direction that left its post World War II "mixed economies" with more "market" and less "controls" in the mix. [38]
By the late 1930s, the aims of German trade policy were to use economic and political power to make the countries of Southern Europe and the Balkans dependent on Germany. The German economy would draw its raw materials from that region, and the countries in question would receive German manufactured goods in exchange. [ 98 ]
The world wars ended the pre-eminent position of Britain, France and Germany in Europe and the world. [165] At the Yalta Conference, Europe was divided into spheres of influence between the victors of World War II, and soon became the principal zone of contention in the Cold War between the Western countries and the Communist bloc.
The broader industrial sector, which includes Germany’s famed manufacturers such as Volkswagen and Siemens, has also taken a knock. Industrial output contracted 1.7% year-over-year in June ...
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.
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.