History

  • Created by: l.r12
  • Created on: 10-05-18 22:54
Non governmental intervention
The 1948 currency reform successfully ended inflation. The currency reform had also stopped high levels of absenteeism from work as people wanted to earn the new currency
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Governmental intervention
A Ministry of Housing was established to reorganise the rebuilding of shattered towns. Tax incentives were given to private companies to construct housing
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Non governmental intervention
In spite of the bombing, much of the industrial infrastructure remained unscathed. Where factories had been destroyed, new ones were built with modern methods of production
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Non governmental intervention
In 1952, tax levies on the rich in the Equalisation of Burdens Law financed the settlement of 10 million German refugees from the former German territories in the East. This also funded an increase in an elderly population
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Non governmental intervention
The FRG had an ample supply of raw materials, especially in the Ruhr area
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Non governmental intervention
The Marshall Plan provided limited funds which were used to buy essential equipment for the restoration of factories
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Non governmental intervention
There was a constant supply of labour, initially from the GDR and then from foreigh guest workers from southern Europe and Turkey. They were cheap to employ. They were young, healthy and had few dependents
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Non governmental intervention
There was a huge demand for consumer goods such as cars, televisions, vacuum cleaners and refrigerators (both at home and abroad) that had been unavailable during the war helped to fuel growth
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Non governmental intervention
The Korean War of 1950 stimulated the demand for German steel and engineering products for the US war effort
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Governmental intervention
West Germany was a founding member of the EEC and this allowed Germany to export goods to the other five member countries
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Non governmental intervention
Before 1955 the FRG was not allowed an army so did not not have to spend money financing armed forces or armaments
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Non governmental intervention
Despite the weak Nazi education policies, there was a skilled workforce who were educated and had a high level of technical skills
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Non governmental intervention
The sheer hard work and determination of the Germans should not be discounted, many were willing to work long hours and wanted to earn the new currency
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Governmental intervention
Trade unions that represented the workers were allowed representatives on company boards, this gave unions a stake in the company and made it easier to settle trade disputes and made workers happier
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Non governmental intervention
In 1951, Law 131 restored the employment and pension rights civil servants. This allowed Ex-Nazis to rejoin the civil service. This Law was extended to 150,000 individuals who had previously lost their jobs under denazification
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Governmental intervention
The Basic Law and Adenauer provided the political stability that allowed the economy to grow. While Erhard, Minister of the Economics followed a social-market economic policy businesses were free to make money. Government still protected workers
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Other cards in this set

Card 2

Front

Governmental intervention

Back

A Ministry of Housing was established to reorganise the rebuilding of shattered towns. Tax incentives were given to private companies to construct housing

Card 3

Front

Non governmental intervention

Back

Preview of the front of card 3

Card 4

Front

Non governmental intervention

Back

Preview of the front of card 4

Card 5

Front

Non governmental intervention

Back

Preview of the front of card 5
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