HITLER REGIME:
Before World War II, Germany was ruling by Hitler and the economy has to suffer some ups and downs because of the hard time and apart from that after World War I, the economy had to suffer very badly and Treaty of Versailles was not at all in favor of Germans. However, after World War II Germany was resulted in complete ruin because of the poor strategies adopted by Hitler.
AFTER WORLD WAR II:
A true economic miracle followed in the 1950s. Industrial production and overall GDP rose to levels never seen before and unemployment was down to 1.2 percent in 1960. In 1957 foundations were laid for the Deutsche Bundesbank, a new central bank to oversee the monetary policy. In order to calculate the economy of any country there are four basic parameters and they are
- Stability
- The growth of economy
- Employment level
- Trade balance
The period of 1960’s was good and gave a boost to German economy and later on in 80’s the emergence of “die Wende” (the reversal) and then the German government decided to privatize their sectors and it brought good money to Germans. In late 90’s the economy flourished once again that till today Germany is holding a very strong position.
CONCLUSION:
When writing any paper on Germany economy or discussing its history so it is essential for a writer to examine all areas very well and also to have the balance between the history and the current situation.
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