Economic History of Germany

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:

    The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.
    Ernest Hemingway (1899–1961)

    Philosophy of science without history of science is empty; history of science without philosophy of science is blind.
    Imre Lakatos (1922–1974)

    It took six weeks of debate in the Senate to get the Arms Embargo Law repealed—and we face other delays during the present session because most of the Members of the Congress are thinking in terms of next Autumn’s election. However, that is one of the prices that we who live in democracies have to pay. It is, however, worth paying, if all of us can avoid the type of government under which the unfortunate population of Germany and Russia must exist.
    Franklin D. Roosevelt (1882–1945)