Question

Q1. Describe Economic Crisis In Germany After World War 2 ?

Answer 1

Germany had suffered heavy losses during the war, both in lives and industrial power. 6.9 to 7.5 million . By 1950, the UK and France were finally induced to follow the U.S. lead, and stop the dismantling of German heavy industry.The country's economic recovery under the newly formed democratic government was, once it was permitted, swift and effective. During the mid-1950s, the unemployment rate in Germany was so low that it led to the influx of Turkish immigrants into the country's labor force.Germany's economy continued to improve until the 1973 oil crisis.