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GDP rose by two-thirds during the same decade. The number of persons employed rose from 13.8 million in 1950 to 19.8 million in 1960, and the unemployment rate fell from 10.3 percent to 1.2 percent. [119] Labor also benefited in due course from the boom.
At the Potsdam conference (July–August 1945), with the US seeking to implement the Morgenthau plan, drawn up by Henry Morgenthau Jr., the United States Secretary of the Treasury, [2] the victorious Allies decided to abolish the German armed forces as well as all munitions factories and civilian industries that could support them.
The Federation of German Industries (BDI) has its roots in the Reich Federation of German Industry (RDI). [2] On 19 June 1933, during the National Socialist era, the Reich Federation of German Industry was merged with the Federation of German Employers' Associations to form the Reich Industry Group (de: Reichsstand der Deutschen Industrie). [3]
Germany, [e] officially the Federal Republic of Germany, [f] is a country in Central Europe.It lies between the Baltic and North Sea to the north and the Alps to the south. Its sixteen constituent states have a total population of over 82 million in an area of 357,596 km 2 (138,069 sq mi), making it the most populous member state of the European Union.
In the United States, unemployment fluctuated during the 1950s, but dropped steadily during the 1960s. OECD members enjoyed real GDP growth averaging over 4% per year in the 1950s, and nearly 5% per year in the 1960s, compared with 3% in the 1970s and 2% in the 1980s.
Although Germany seized the oil supplies/reserves of conquered states—for example reducing France to a mere 8 percent of its pre-war oil consumption – this was still not enough for the needs of the war. [132] Acute fuel-shortages forced the German military to cut back on training for its drivers and pilots, because training would waste fuel ...
East German uprising of 1953; Part of the Cold War: From top to bottom, left to right: Soviet tanks suppress unarmed civilians on Schützenstrasse in Berlin · in front of the Dimitrov Museum in Leipzig · on Leipziger Strasse in Berlin · Deutsche Bundespost commemorative stamp · Burning building on Potsdamer Platz
In the pre-industrial era, production was mostly for home use, and women produced much of the needs of the households. The second stage was the "family wage economy" of early industrialisation; the entire family depended on the collective wages of its members, including husband, wife, and older children.