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 was the cornerstone of the postwar economic miracle, the Wirtschaftswunder.
Eucken opposed National Socialism and after World War Two, his ideaswere fundamental to the rapid rebuilding of West Germany that became known as the Wirtschaftswunder or "economic miracle.
Born in Nazi Germany in 1941 and having spent his early childhood in the GDR before moving to Dusseldorf at age twelve, just as the West German Wirtschaftswunder was kicking into high gear, the artist was famously mistrustful of--and irreverent toward--established structures of political, spiritual, and aesthetic authority, above all those of his divided homeland.
Germany's postwar Wirtschaftswunder (economic miracle) was based on harmonious labour/management relations.
As for the economy, no one expected a replication of Germany's post-1945 Wirtschaftswunder.
The German Wirtschaftswunder, the economic miracle of the 1950's and 1960's, was based on a powerful state, a social market economy, the welfare state, the rule of law and banking prowess.
Indeed, given Germany's surprisingly impressive employment performance, another Wirtschaftswunder appeared to be in the making.
For similar reasons, public awareness of the South's standard of living does not present as great a problem for the Kim long II regime as West Germany's Wirtschaftswunder posed for the materialist East.
The general feeling that West Germany was to be taken seriously again boosted confidence and was a stimulus to the miraculous post-war economic development, the so called Wirtschaftswunder (Heinrich, 2003).
Germany's Wirtschaftswunder after the war really was a wonder, transforming a country that U.
The young generation shied away from politics but soon laid the foundation, with American assistance, to the Wirtschaftswunder (German economic miracle).
In Germany, the postwar boom is known as the Wirtschaftswunder, the economic miracle.