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The largest economy in Europe by 1900, Germany had established a primary position in several key sectors, like the chemical industry and steel production. [ 2 ] [ 3 ] [ 4 ] High production capacity, permanent competitiveness and subsequent protectionist policies fought out with the US and Britain were essential characteristics.
The rapid advance to industrial maturity led to a drastic shift in Germany's economic situation – from a rural economy into a major exporter of finished goods. The ratio of the finished product to total exports jumped from 38% in 1872 to 63% in 1912. By 1913 Germany had come to dominate all the European markets.
It played a major role in the economic recovery, modernization, and unification of Europe. In three years the ERP gave away $12.4 billion (about 5% of the 1948 American GDP of $270 billion) for modernizing the economic and financial systems and rebuilding the industrial and human capital of war-torn Europe, including Britain, Germany, France ...
Germany’s economy, the largest in Europe, contracted for the second year in a row in 2024, official data showed Wednesday, underscoring the challenges facing the region as it tries to get ...
The year's weak performance underlines Germany's status as Europe's worst performing major economy and shows the country as having no meaningful growth in the past four years as it has struggled ...
An Introduction to the Social and Economic History of Germany: Politics and Economic Change in the Nineteenth and Twentieth Centuries(1978) Brinkmann, Carl. "The Place of Germany in the Economic History of the Nineteenth Century". Economic History Review 4#2 (1933), pp 129–146. online.
The solution for Volkswagen, Europe’s biggest company by revenue (it’s at the top of this year’s Fortune 500 Europe) and Germany’s biggest employer, is to dig into its cost base.
The German economic crisis is a significant downturn of Germany's economy that marked a dramatic reversal of its previous "labour market miracle" period of 2005–2019. The country, which had been considered to be Europe's economic powerhouse in prior decades, became the worst-performing major economy globally in 2023 with a 0.3% contraction, followed by minimal growth in 2024 leaning on ...