Search results
Results from the WOW.Com Content Network
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 ...
To pay for the large costs of the First World War, Germany suspended the gold standard (the convertibility of its currency to gold) when the war broke out in 1914. Unlike France, which imposed its first income tax to pay for the war, German Emperor Wilhelm II and the Reichstag decided unanimously to fund the war entirely by borrowing.
Approximately 6.9 to 7.5 million Germans died, representing roughly 8.5 percent of the German population and a fraction of total World War II casualties estimated at 70 to 85 million people. [ 1 ] [ 2 ] The country's cities were severely damaged from heavy bombing in the closing chapters of the war and agricultural production was only 35 ...
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.
Germany quickly remilitarized, annexed its German-speaking neighbors and invaded Poland, triggering World War II. During the war, the Nazis established a systematic genocide program known as the Holocaust which killed 17 million people, including 6 million Jews (representing 2/3rds of the European Jewish population). By 1944, the German Army ...
The economy of the German Democratic Republic (East Germany; GDR, DDR) was a command economy following the model of the Soviet Union based on the principles of Marxism-Leninism. Sharing many characteristics with fellow COMECON member states — the East German economy stood in stark contrast to the market and mixed economies of Western Europe ...
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] Iconic American car maker and antisemite Henry Ford was reported to be one of the foreign supporters. [18]