Economic Miracle

Question 1

What were the exports in 1950 compared to 1970 ?

Answer 1

1950- 11,374 million marks
1970- 109,600 million marks

Question 2

When was the Korean War ?

Answer 2

1950-1953

Question 3

When did the FRG join NATO and what did this mean ?

Answer 3

1955 - allowed to rearm

Question 4

Name 5 country’s the FRG signed recruitment agreements with during the 1950s and 60s ? (Guest workers )

Answer 4

Italy - 1955
Spain and Greece - 1960
Turkey - 1961
Morrocco - 1963

Question 5

What can the influx of workers from the GDR to the in 1950 FRG be described as ?

Answer 5

Brain drain.

Question 6

Why was the influx of workers from the GDR to FRG a good thing (for FRG)

Answer 6

Many highly educated and skilled so gov saved money on training costs and could invest elsewhere such as housing construction

Question 7

By 1951 how much aid had the US given the FRG under the Marshall plan ?

Answer 7

1.5 billion dollars

Question 8

What was a consequence of the Marshall plan in the FRG ?

Answer 8

The new currency ( Deutschmark ) was created in 1948 which helped stabilise the economy and break up the black market.

It also meant wages were worth something and boosted the economy by encouraging consumerism and people to work spend and save.

Question 9

What was the average annual growth in the FRG between 1951-66 ?

Answer 9

8% (V high)
(in 1955 as high as 12%)

Question 10

By which year was the FRG the third biggest trading power ?

Answer 10

1954