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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 can take solace in the fact that despite its current troubles, it’s still the biggest economy in Europe. And while revenues for Fortune 500 Europe companies declined last year, profits ...
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 ...
The economic policies were heavily oriented toward the world market, and the export sector continued to be very strong. [13] Prosperity was pulled along by exports that reached a record of $1.7 trillion US dollars in 2011, or half of the German GDP, or nearly 8% of all of the exports in the world.
BERLIN (Reuters) -Germany's main political parties were unveiling their manifestos on Tuesday, offering competing visions to lift Europe's largest economy out of the doldrums while fighting off a ...
The Chemical Industry During the Nineteenth Century: A Study of the Economic Aspect of Applied Chemistry in Europe and North America (1958) Haber, Ludwig. The Chemical Industry: 1900-1930: International Growth and Technological Change (1971) Hamerow, Theodore S. Restoration, Revolution, Reaction: Economics and Politics in Germany, 1815-1871 (1958)