Wirtschaftswunder
E2392
Wirtschaftswunder refers to the rapid economic recovery and sustained growth of West Germany after World War II, transforming it into one of the world’s leading industrial economies.
All labels observed (2)
| Label | Occurrences |
|---|---|
| German economic miracle | 1 |
| Wirtschaftswunder canonical | 1 |
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
economic phenomenon
ⓘ
historical period ⓘ postwar economic recovery ⓘ |
| appliesTo |
West Germany
ⓘ
surface form:
Federal Republic of Germany (West Germany)
|
| associatedWithInstitution |
Deutsche Bundesbank
ⓘ
surface form:
Bundesbank
West Germany ⓘ
surface form:
West German federal government
|
| associatedWithPerson |
Konrad Adenauer
ⓘ
Ludwig Erhard ⓘ |
| comparedTo | Japanese postwar economic miracle ⓘ |
| country | West Germany ⓘ |
| economicPolicy | social market economy ⓘ |
| endTime | early 1970s ⓘ |
| follows |
World War II
ⓘ
postwar devastation of Germany ⓘ |
| hasCause |
Marshall Plan
ⓘ
surface form:
Marshall Plan aid
availability of skilled labor ⓘ currency reform of 1948 ⓘ export‑oriented growth ⓘ high domestic savings rate ⓘ industrial reconstruction ⓘ integration into Western markets ⓘ social market economy policies ⓘ stable monetary policy ⓘ |
| hasEffect |
West Germany becoming a leading industrial economy
ⓘ
West Germany’s integration into the Western bloc ⓘ expansion of the West German middle class ⓘ foundation for European economic integration ⓘ growth of consumer society in West Germany ⓘ increase in exports from West Germany ⓘ low unemployment in West Germany ⓘ rapid GDP growth in West Germany ⓘ rapid reconstruction of infrastructure ⓘ reindustrialization of West Germany ⓘ rise in living standards in West Germany ⓘ strengthening of the Deutsche Mark ⓘ |
| historicalSignificance |
contributed to political stability in West Germany
ⓘ
transformed West Germany from a war‑torn country into an export powerhouse ⓘ |
| languageOfTerm | German ⓘ |
| literalMeaning | economic miracle ⓘ |
| mainPhase |
1950s
ⓘ
1960s ⓘ |
| notableFeature |
combination of free market and social welfare principles
ⓘ
high rates of industrial output growth ⓘ large inflow of guest workers (Gastarbeiter) ⓘ |
| region | Western Europe ⓘ |
| startTime |
1948
ⓘ
late 1940s ⓘ |
| timePeriodContext | Cold War ⓘ |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
German economic miracle