how did countries like Germany and Japan made Rapid economic development
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Answer:
Germany's ascent to becoming a global economic power—known as the "German economic miracle" or Wirtschaftswunder—had its origins at the end of World War II when much of the country was in ruins.1 Allied Forces had attacked or bombed large parts of its infrastructure.2 The city of Dresden was completely destroyed.3 The population of Cologne had dropped from 750,000 to 32,000.4
In short, Germany was a ruined state facing an incredibly bleak future. But by 1989, when the Berlin Wall fell and Germany was once again reunited, it was the envy of most of the world.5 Germany had the third-biggest economy in the world, trailing only Japan and the United States in terms of gross domestic product (GDP).6
Explanation:
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Explanation:
Japan's Postwar Miracle
The devastated Japanese economy rose quickly from the ashes of World War II. By 1956, real per capita GDP had overtaken the prewar 1940 level. During the recovery period (1945–56), per capita GDP rose at an average annual rate of 7.1%. Recovery was followed by the era of rapid growth era
Germany had been through a crushing defeat in World War I, followed by massive hyperinflation that bankrupted the country. Yet while the rest of the world was struggling with crippling depression, it managed in a mere four years, from 1933 to 1937, to become the strongest country in Europe.
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