Economic History Of Germany
Germany before 1800 was heavily rural, with some urban trade centers. In the 19th century it began a stage of rapid economic growth and modernization, led by heavy industry. By 1900 it had the largest economy in Europe, a factor that played a major role in its entry into World War I and World War II. Devastated by World War II, West Germany became an "economic miracle" in the 1950s and 1960s with the help of the Marshall Plan. Currently it is the largest individual economy in the EU with GDP of roughly 3 trillion USD.
Read more about Economic History Of Germany: Middle Ages, Industrial Revolution, 20th Century, Nazi Economy, Post-World War II, The Social Market Economy, The Economic Miracle and Beyond, German Reunification and Its Aftermath
Famous quotes containing the words economic, history and/or germany:
“It does not follow, because our difficulties are stupendous, because there are some souls timorous enough to doubt the validity and effectiveness of our ideals and our system, that we must turn to a state controlled or state directed social or economic system in order to cure our troubles.”
—Herbert Hoover (1874–1964)
“For a transitory enchanted moment man must have held his breath in the presence of this continent, compelled into an aesthetic contemplation he neither understood nor desired, face to face for the last time in history with something commensurate to his capacity for wonder.”
—F. Scott Fitzgerald (1896–1940)
“It is the emotions to which one objects in Germany most of all.”
—Franz Grillparzer (1791–1872)