FRG's Economic Miracle Flashcards
1
Q
who weren’t in agreement over the economic solution?
A
Erhard and Lucius Clay
2
Q
what did erhard decide without telling anyone?
A
to give up price controls, consumer goods began to resurge and black market disappeared
3
Q
why was economic recovery in the west ripe?
A
- war time damage in the western zones had not affected industrial production to the extent expected
- providing for the Korean War
4
Q
what did the 1951 co -determination policy do?
A
worked with unions and allowed workers to have a say in the management of their work place. number of strikes fell
5
Q
what did the OEEC do ?
A
helped to open up European markets and speedup Germany’s trade reintegration in the world
