Economic Stability (1965-1989)

Question 1

What did the FRG experience between 1966 and 1967?

Answer 1

A recession.

Question 2

Identify three consequences of the economic recession of 1966 to 1967.

Answer 2

• Trade reduced.
• Production decreased.
• Unemployment increased

Question 3

How did the government approach the economic recession of 1966 to 1976?

Answer 3

They realised they had to interfere in the economy. Greater power was given to the Bundestag to manage money supply and a new system of federal/regional budgeting.

Question 4

By how much did government spending increase between 1965 and 1970?

Answer 4

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Question 5

Name two laws introduced to help the government deal with the economic crisis?

Answer 5

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Question 6

What did the government set up to control price levels?

Answer 6

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Question 7

What affected the economy of the FRG in the 1970s?

Answer 7

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Question 8

Who did the FRG rely on for 40% of their oil?

Answer 8

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Question 9

What was the value of 140 million of tonnes of oil in 1972, 1973 and 1978?

Answer 9

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Question 10

What measures were introduced to reduce oil consumption in the FRG?

Answer 10

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Question 11

What economic policies was Chancellor Schmidt criticised for?

Answer 11

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Question 12

What was the level of unemployment in 1981?

Answer 12

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Question 13

What evidence is there that the FRG was moving away from a social market economy?

Answer 13

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Question 14

How did Chancellor Kohl further reduce government interference in the economy in the 1980s?

Answer 14

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Question 15

What was crucial in helping the FRG to overcome the economic problems of the 1960s and 1970s?

Answer 15

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Question 16

What had happened to the economy by the end of the 1980s?

Answer 16

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