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In New Zealand, a universal health care system was created in a series of steps, from 1938 to 1941. [14] [15] In Australia, the state of Queensland introduced a free public hospital system in 1946. Following World War II, universal health care systems began to be set up around the world
31 August – The Young Plan for settling German World War I reparations is finalized. October – The Wall Street crash of 1929 marks a major turning point in Germany: following prosperity under the government of the Weimar Republic , foreign investors withdraw their German interests, beginning the crumbling of the Republican government in ...
Mason, Timothy and Overy, Richard "Debate: Germany, 'Domestic Crisis' and War in 1939" pp. 200–240 from Past and Present, Number 122, February 1989; reprinted as "Debate: Germany, 'Domestic Crisis' and the War in 1939" from The Origins of The Second World War edited by Patrick Finney, Edward Arnold: London, United Kingdom, 1997, ISBN 0-340 ...
The post-World War II era saw an expansion of these programs for all workers, and today, these benefits remain part of employment relations in many countries. Recently, however, there has been a trend away from this form of welfare capitalism, as corporations have reduced the portion of compensation paid with health care, and shifted from ...
The onset of the great depression in 1929 undoubtedly had an astronomical effect on the global economy during the latter years of the interwar period. American credit disappeared with the United States stock market crash in October 1929, severely hurting European businesses and causing a drastic rise in unemployment.
Social expenditure as % of GDP (). A welfare state is a form of government in which the state (or a well-established network of social institutions) protects and promotes the economic and social well-being of its citizens, based upon the principles of equal opportunity, equitable distribution of wealth, and public responsibility for citizens unable to avail themselves of the minimal provisions ...
By the end of World War II, the country's economic infrastructure was completely destroyed. West Germany embarked in its program of reconstruction guided by the economic principles of the Minister of Economics Ludwig Erhard excelled in the economic miracle during the 1950s and 1960s.
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.