1.3 FRG Econ Development Part 2 Flashcards
(37 cards)
Who were guest workers
refugees that had very low wages and little training
how many workers came from East Germany in 1950s
3.6 million
Did West Germany pay for training/education of Guest Workers
No (or very little)
when was the Economic Stabilisation Law
1967
what was the Economic Stabilisation Law
allowed Gov intervention in times of Econ crisis, limiting regional spending
What was added to Basic Law 1968
provision to allow federal Gov to move money between lander (help struggling)
between 1960-70 what was the FRG using lots
increased oil use over coal (Car ownership)
Who did Germany get there oil from
OPEC (40% of German fuel)
how Much did (140 Million tonnes of) fuel cost
1972 - DM10 billion
1978 - DM 50 billion
when was there a ban placed on recruiting Guest Workers
1973
What did FRG gov introduce to deal with large oil consumption
‘Car-free Sundays’ + speed limits on autobahns
what did the Gov start to invest in
Atomic Power
what was introduced in 1975
Public spending Cuts + higher income tax
what did Germany achieve in trade by 1978
FRG exported more to OPEC countries than they imported
What was Unemployment in 1981
1.7 million
What was largely cut in the 1980s
Public spending
What was Real growth from 1966, 1981,1984
1966 - 2.9%
1981 - 0.2%
1984 - 2.6%
In the 80s what did Kohls Govt reduce retirement age to
58
Which companies did the Gov privatise in the 80s
VW and Lufthansa
When was Unemployment at its lowest
1989
what did FRG join in 1951
Council of Europe
When did FRG join International monetary fund
1952
What was the International Monetary Fund
oversaw stability of world currencies
When did Adenauer sign Franco-german friendship Treaty
1963
