Wirtschaftswunder

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Wirtschaftswunder

The rapid development in West Germany and Austria following the devastation of World War II. The Wirtschaftswunder saw low inflation and quick growth in industrial production starting around 1950. The impetus for the Wirtschaftswunder came from replacement of the Reichsmark with the deutschemark (in West Germany) and the schilling (in Austria), as well as the development package offered by the United States in the Marshall Plan.
References in periodicals archive ?
It helped spark what became known as the German economic miracle.
It is, for instance, indisputable that the German economic miracle of the 1960s and 1970s could not have been achieved without the many hundreds of thousands of workers from Muslim Turkey.
The first great German economic miracle can be clearly traced back to the day in June of 1948 when Germany's economic director, Ludwig Erhard, eliminated most of the price controls that had hampered the economy during and after the Nazi regime.
The father of the German economic miracle taught us that the state can only give its citizens what it has previously taken from them through taxes and levies.
Yet, within 50 years, the German economic miracle was well under way and the country is in far better condition to face the credit crunch.
design - were eagerly seized upon by the architects of the so-called German Economic Miracle.
6) While in the 1950s, the decade of the so-called German economic miracle, the ordo-liberal pillar of the SME predominated; in the late 1960s the social precepts gained the better of market orientation, with detrimental effects to Germany's economy in the following decades.
The orders gave the firm priority in the queue for scarce materials, kick-started the German economic miracle and began a worldwide love affair by many thousands of drivers with the Beetle.
The German economic miracle - resulting, in part, from the fact that Germany started off after the war with no national debt to check its growth - is over.
It is as though the British could forgive the Krauts the Blitz but not the more recent German economic miracle.
The chubby, curvy little car took off after World War Two, quickly becoming a symbol of the German economic miracle.
Was the rise in West German benefits tied to the success of the German economic miracle and the expansion of the West German economy in the 1950s and 1960s?
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