Economic Miracle

Question 1

Korean war 1950

Answer 1

This meant the war needed raw materials which the FRG had - increase trade

Question 2

Businesses

Answer 2

• recovered significantly and were able to produce high quality products
• reputation and exports grew

Question 3

Guest workers

Answer 3

• 1950 - 3.6 mil guest workers arrived from GDR who were skilled white collar workers
• 3 mil Germans turned to white collar jobs
• 75% left due to rise in xenophobia

Question 4

Volkswagen

Answer 4

• 1960s - annual exports of 16,000 cars
• by 1960 they had over 500 car dealerships w the usa
• berlin wall 1961 stopped arrival of workers

Question 5

Challenges overcome

Answer 5

• 1950 - 84mil exports
• 1979 - 125mil
  ~ 1950 - 8.1% unemp
  ~ 1970s - 0.7%
  ~ 1969 - 0.5%

Growth 1950 - 10%
1955 - 12%