Jump to content
Main menu
Main menu
move to sidebar
hide
Navigation
Main page
Recent changes
Random page
Help about MediaWiki
Special pages
Niidae Wiki
Search
Search
Appearance
Create account
Log in
Personal tools
Create account
Log in
Pages for logged out editors
learn more
Contributions
Talk
Editing
History of Germany
(section)
Page
Discussion
English
Read
Edit
View history
Tools
Tools
move to sidebar
hide
Actions
Read
Edit
View history
General
What links here
Related changes
Page information
Appearance
move to sidebar
hide
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
====Economic miracle==== [[File:1000000th Beetle.jpg|thumb|The [[Volkswagen Beetle]] was an icon of West German reconstruction.]] West Germany enjoyed prolonged economic growth beginning in the early 1950s (''[[Wirtschaftswunder]]'' or "Economic Miracle").<ref name="weber">{{Cite book |last=Weber |first=Jurgen |title=Germany, 1945β1990 |publisher=Central European University Press |date=2004 |pages=37β60, 103β118, 167β188, 221β264}}</ref> Industrial production doubled from 1950 to 1957, and gross national product grew at a rate of 9 or 10% per year, providing the engine for economic growth of all of Western Europe. Labor unions supported the new policies with postponed wage increases, minimized strikes, support for technological modernization, and a policy of [[co-determination]] (''Mitbestimmung''), which involved a satisfactory grievance resolution system as well as requiring representation of workers on the boards of large corporations.<ref>{{Cite journal |last=FΓΌrstenberg |first=Friedrich |date=May 1977 |title=West German Experience with Industrial Democracy |journal=Annals of the American Academy of Political and Social Science |volume=431 |pages=44β53 |doi=10.1177/000271627743100106 |jstor=1042033 |s2cid=154284862}}</ref> The recovery was accelerated by the [[Deutsche Mark#Currency reform of June 1948|currency reform of June 1948]], U.S. gifts of $1.4 billion as part of the [[Marshall Plan]], the breaking down of old trade barriers and traditional practices, and the opening of the global market.<ref>{{Cite book |title=The United States and Germany in the Era of the Cold War, 1945β1968 |publisher=Cambridge University Press |date=2004 |editor-last=Junker |editor-first=Detlef |volume=1 |pages=291β309}}</ref> West Germany gained legitimacy and respect, as it shed the horrible reputation Germany had gained under the Nazis. West Germany played a central role in the creation of European cooperation; it joined [[NATO]] in 1955 and was a founding member of the [[European Economic Community]] in 1958.
Summary:
Please note that all contributions to Niidae Wiki may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here.
You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see
Encyclopedia:Copyrights
for details).
Do not submit copyrighted work without permission!
Cancel
Editing help
(opens in new window)
Search
Search
Editing
History of Germany
(section)
Add topic