Two Postwar Recoveries of the German Economy

By Horst Mendershausen | Go to book overview

I. REVIEW OF PRODUCTION, INCOME, AND TRADE

The quantitative performance of the German economy in the postwar years may be measured against three different yardsticks. They are the volume of production of the last prewar year, the first postwar year, and, finally, the first year following monetary stabilization. The first standard of reference, of course, is one of high economic activity reached prior to the conflict; the second, one of very low activity reflecting the disruption of the economy at the end of the war; and the third, an intermediate position reached at the end of the readjustment period.


1. INDUSTRIAL PRODUCTION

Emerging from World War II, the economic area of what was to be the Federal Republic undoubtedly faced a far more severe setback of industrial production compared with the last prewar year, than was the case for the Weimar Republic at the end of World War I. The over-all industrial production index for 1946 was 29% of 1938, that for 1919, 42% of 1913.1 (See Table I.) In comparison with the setback in the performance of German industry that occurred at the end of the first war, that at the end of the second was even more severe than these figures show. For industrial production declined during War I, especially in 1914 and 1915, while it rose during War II. In 1917/18, German industrial production was about one-fourth lower than it had

____________________
1
In each case the prewar index base refers to activity in the corresponding postwar area.

-5-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this book

This book has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this book

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited page

Bookmark this page
Two Postwar Recoveries of the German Economy
Table of contents

Table of contents

  • Contributions To Economic Analysis Viii iv
  • Title Page v
  • Introduction to the Series viii
  • Preface ix
  • Table of Contents xi
  • Introduction Comparing Two Periods of Economic Change 1
  • I- Review of Production, Income, And Trade 5
  • II- Notes on the Two Readjustment Periods 19
  • III- Economic Growth in Two Deployment Periods 45
  • Iv. Internal Economic Balance 59
  • V- International Economic Integration 92
  • Summary 119
  • Index 129
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen
/ 136

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.