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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 ...
While being under German control, the Reichswerke had the great majority of its assets and workforce located outside of Germany, since it had grown largely by absorbing non-German companies from conquered territories before and during the war. 70 per cent of its net assets and 76.5 per cent of its workforce were outside of the Reich by 1943 ...
The Four Year Plan was a series of economic measures initiated by Adolf Hitler in Nazi Germany in 1936. Hitler placed Hermann Göring in charge of these measures, making him a Reich Plenipotentiary (Reichsbevollmächtigter) whose jurisdiction cut across the responsibilities of various cabinet ministries, including those of the Minister of Economics, the Defense Minister and the Minister of ...
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]
To pay for the large costs of the First World War, Germany suspended the gold standard (the convertibility of its currency to gold) when the war broke out in 1914. Unlike France, which imposed its first income tax to pay for the war, German Emperor Wilhelm II and the Reichstag decided unanimously to fund the war entirely by borrowing.
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.
MEFO was the more common abbreviation for German: MEtallurgische FOrschungsgesellschaft m.b.H. (English: Society for Metallurgical Research LLC), [1] a dummy company set up by the Nazi German government to finance the German re-armament effort in the years prior to World War II.
Industrialization in Germany was the phase of the breakthrough of industrialization in Germany, beginning at the time from around 1815 to 1835. [ 1 ] [ 2 ] This period was preceded by the periods of pre-industrialization and early industrialization.