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The London Agreement on German External Debts, also known as the London Debt Agreement (German: Londoner Schuldenabkommen), was a debt relief treaty between the Federal Republic of Germany and creditor nations. The Agreement was signed in London on 27 February 1953, and came into force on 16 September 1953.
Borders of post-World War II Germany (1949). West Germany is shown in blue, East Germany is shown in red, The Saar protectorate under French economic control is shown in green. The Ruhr Area , the industrial engine of West Germany, is shown in brown as it was to some extent under the control of the International Authority for the Ruhr .
However, during World War I, the British government was forced to borrow heavily in order to finance the war effort. The national debt increased from £650m in 1914 to £7.4 billion in 1919. During World War II the government was again forced to borrow heavily in order to finance war with the Axis powers.
Chain-link fencing showing the diamond patterning A chain-link fence bordering a residential property. A chain-link fence (also referred to as wire netting, wire-mesh fence, chain-wire fence, cyclone fence, hurricane fence, or diamond-mesh fence) is a type of woven fence usually made from galvanized or linear low-density polyethylene-coated steel wire.
The United States transferred $13.3 billion (equivalent to $173.8 billion in 2024) in economic recovery programs to Western European economies after the end of World War II. Replacing an earlier proposal for a Morgenthau Plan , it operated for four years beginning on April 3, 1948, [ 1 ] though in 1951, the Marshall Plan was largely replaced by ...
The post–World War II economic expansion, also known as the postwar economic boom or the Golden Age of Capitalism, [1] [2] was a broad period of worldwide economic expansion beginning with the aftermath of World War II and ending with the 1973–1975 recession. [1]
After World War II, many countries adopted policies of economic liberalization in order to stimulate their economies.. The period directly after the war did not see many, the most notable exception being West Germany's reforms of 1948, which set the stage for the Wirtschaftswunder in the 1950s and helped inform many of the liberalisations that were to come.
[1] [2] [3] Additionally, the two German states agreed to reconfirm the existing border with Poland in the German–Polish Border Treaty, accepting that German territory post-reunification would consist only of what was presently administered by West and East Germany—renouncing explicitly any possible claims to the former eastern territories ...