Wirtschaftswunder

Bol

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The term Wirtschaftswunder (German for "economic miracle") describes the rapid reconstruction and development of the economies of West Germany and Austria after World War II. The expression was used by The Times in 1950. Beginning with the replacement of the Reichsmark with the Deutsche Mark as legal tender (a similar reform was adopted in Austria, where the Austrian Schilling was established), a lasting period of low inflation and rapid industrial growth was overseen by the government led by German Chancellor Konrad Adenauer and his minister of economics, Ludwig Erhard, who went down in history as the "father of the German economic miracle." In Austria, the nationalisation of industries and efficient labor practices led to a similar period of economic growth. The era of economic growth raised Germany and Austria from total wartime devastation to developed nations in modern Europe.

Amazon

Pagina's: 128, Paperback, Betascript Publishers