Académique Documents
Professionnel Documents
Culture Documents
Germany
1945-2005
Group 1, presentation 2:
Laura Bond-Powell
Joanne Eldridge
Andria Ioannou
Katie MacDonald
Catherine Wood
The growth rate of industrial production was 25.0% in 1950 and 18.1% in
1951.
Growth continued at a high rate for most of the 1950s.
By 1955, West Germany had made an amazing economic recovery.
Its prosperity helped the republic gain the support of its citizens.
The deutsche mark was the second most important currency in the world after
Wages and salaries rose over 80% between 1949 and 1955, catching up with growth.
West Germany was a founding member of the European Coal and Steel
Community (ECSC), created in 1951 which was a forerunner to the EEC
and EC
the helped
EU.
The
strengthen Germany's economy through increased trade with
other member nations.
In 1957 West Germanys new central bank, the Bundesbank was created.
After reunification
High demand for West German products (seen as
better quality)- decline in domestic consumption of
Eastern products
Decline in output of manufacturing & construction
sectors- strain on the East German economy
Standard of living in the GDR rose from 50.1% of
that in the west (1990) to 71% (1993)
Similar-looking economy to West Germany (same
types of product, emphasis on exportation), but
totally different system
First phase of unification: West Germany went into
a boom, East Germany into a depression
Effect of reunification on
German economy
Problems of rebuilding
the East
Impact of the
Reunification on
relations with the
German Budgetary
contributions
2003 figures
Forecast 2005
figures show a
German
contribution of
21 313 Million
(Source Europa)
Conclusion