The German Economic Miracle, Then and Now
Why did Germany, defeated in both World War I and WWII, recover so strongly after the latter, but not after the former?
Postwar Germany has appeared to the world as a model democracy and economy for fully seven decades. From the first postwar chancellor, Konrad Adenauer, through Willy Brandt, Helmut Schmidt, Helmut Kohl, and the 16 years of Angela Merkel’s leadership, Germany’s postwar political and economic stability appeared rock-solid.
Germany could readily absorb the decrepit communist economy of East Germany within a year of the fall of the Berlin Wall.
Author summary: Germany's post-war recovery is a model economy.
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