Wirtschaftswunder

(redirected from German economic miracle)

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.
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Mostly known as one of the small group of market liberals who played a major role in engineering the post-war German economic miracle. Ropke has received less attention for his contributions to establishing some of the more important political alliances that would eventually have great success in the United States.
Grunbacher has produced a significant book on the history of entrepreneurs' mentality during the West German economic miracle that will be a very useful resource for scholars and postgraduate students interested in the economic and political history of Germany.
It helped spark what became known as the German economic miracle. So it's perhaps ironic that Germany is now among the countries resisting Greece's requests for debt relief.
Starting as a would-be emblem of the Nazi vision of Aryan technological prowess and modernity, it emerged from the cataclysm of the Second World War to become the leading symbol of the post-war West German economic miracle and the motorisation of German society.
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.
Why has there been such a huge increase in the number of children living in poverty, from one in 75 in 1965 (the middle of the German economic miracle) to one in six in 2007?
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.
After the Second World war, the inherent values of Modernism - simplicity, econnomy of materials and abour and the lean functionality O." design - were eagerly seized upon by the architects of the so-called German Economic Miracle. The daunting impetus and imperative was to create enduring architecture by simple means.
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.
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