Topic 6 Adenauer And Economic Recovery Flashcards
Of course
Of course Political stability made this possible although US financial aid the Marshall plan helped kick start this in 1948
To many Germans this was the most important success of the time
Economic recovery was so great it was
Economic recovery was so great it was Termed a miracle
Evidence to support this was the social market economy led by Ludwig Erhard which reduced unemployment increased industrial production wages rose
Also this economic miracle
Also this economic miracle Allowed capitalism of the west to be seen as a better alternative to communism
However
However It is important to remember that the confidence in democracy was also a consequence of this recovery not simply the cause
Therefore some may argue that because
Therefore some may argue that because Many Germans viewed democracy with scepticism in 1949 economic success did much to develop confidence in it rather than re establish democracy providing the foundation for an economic miracle