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 ?
8232;One's perception of the Wirtschaftswunder depends on where one sits.
Voters in the home of the postwar Wirtschaftswunder (economic miracle) are proud that they have the eurozone's strongest economy, which is prospering.
Michele Calafiore's story symbolises that of hundreds of thousands of southern Italians who emigrated to Germany during the Wirtschaftswunder of the late 1950s and 1960s.
This was the central feature of Germany's economic model after World War II, and the main reason its long Wirtschaftswunder ("economic miracle") could be sustained.
der bundesrepublikanische Mythos von Wahrungsreform und Wirtschaftswunder [.
In Germany, during the years of the Wirtschaftswunder (post-war economic miracle), Deutsche Bank in particular was a deeply respected, almost sacred institution.
One of the biggest immigration movements was that of the so called Gastarbeiter (guest workers), who had initially been invited to Germany from Turkey, Italy and many other countries to stay for a certain time during the prospering years of the Wirtschaftswunder (economic miracle) and help rebuild the war-torn country's economy.
It was the cornerstone of the postwar economic miracle, the Wirtschaftswunder.
Moreover, we should not forget that, in 1945, at the height of the desperate plight of the postwar era, western Europe was able to receive thirty million refugees and displaced persons and that West Germany alone took in twelve million displaced persons, who went on to make a significant contribution to the German Wirtschaftswunder or economic miracle.
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.
Likewise, our carnival of cleaning products was like a postcard from the Wirtschaftswunder, the German economic miracle of the 1950s, where commodities offer the promise of a better life, or a scaled-down version of the Energiewende, offering a better, more eco-friendly life aligned with capitalist technoscience.