Schmidt 1974 - 1982
- Created by: yazmintaylorx
- Created on: 28-04-18 13:54
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- Schmidt 1974 - 1982
- Economic Crisis
- Schmidt introduced measures to keep escalating inflation down - 4.7%
- 150% oil price increase Dec 1979 - May 1980
- further economic recession
- lasted until 1982
- unemployment rose to over 2 million
- Acts of Terrorism - Mogadishu Incident 1977
- plane from Mallorca with Germans in was hijacked by Palestinian terrorists & taken to Somalia
- Schmidt refused to give in & sent in a commando team
- everyone saved except the pilot
- Schmidt Resigns Autumn 1982
- decline of SPD support
- CDU/CSU new leader Kohl invigorated the party
- consequently Genscher pulled the FDP out of coalition to form one with CDU/CSU
- this results in a constructive vote of no confidence
- Opposition
- criticised fro pro-nuclear power policy & let US station short-range missiles in FRG
- split the SPD & many voters defected to the Green Party
- became Brandt's successor in 1974
- he was a conservative SPD member with little sympathy for LW of his party
- critics argue he was a decisive figure for his party
- perhaps more popular with sections of his party caught in the middle
- FDP (becoming increasingly fiscally cons.) & rebellious LW of own party
- some criticise reputation
- claims he was 'temporarily contaminated' by Nazis & engaged in extra-marital affairs
- supporters praise powers of critical analysis & objectivity as opposed to Brandt's emotional socialism
- liked his firm handling of wave of terrorism
- regarded as an innovator esp. in financial affairs promoting European & Western initiatives to counter global economic problems
- Economic Crisis
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