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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 Wirtschaftswunder (German: [ˈvɪʁt.ʃaftsˌvʊndɐ] ⓘ, "economic miracle"), also known as the Miracle on the Rhine, was the rapid reconstruction and development of the economies of West Germany and Austria after World War II. The expression referring to this phenomenon was first used by The Times in 1950. [2]
United States secretary of state James F. Byrnes read the speech Restatement of Policy on Germany, clarifying his nation's desire for economic recovery in Germany and guaranteeing its borders. 1947: 4 October: Planck died. 1948: 20 June: Ludwig Erhard, the appointed economic director of the Bizone, introduced the Deutsche Mark. 24 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.
For most of this century, Germany racked up one economic success after another, dominating global markets for high-end products like luxury cars and industrial machinery, selling so much to the ...
29 June — Melitta Bentz, German inventor and entrepreneur (born 1873) 1 September - Fritz Kampers, German actor (born 1891) 10 October - Josef Straßberger, German weightlifter (born 1894) 1 November - Heinrich Tessenow, German architect (born 1876) 2 November - Kurt Schmitt, German economic leader and the Reich Economy Minister (born 1886)
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.
As of 2013, Germany is the third-largest exporter and third-largest importer in the world, producing the largest trade surplus as a national economy. The German economy practically stagnated in the beginning of the 2000s. The worst growth figures were achieved in 2002 (+1.4%), in 2003 (+1.0%), and in 2005 (+1.4%). [76]