The Economic Miracle and Political Landscape of West Germany (1945-66)

What term is used to describe West Germany's transformation into a global economic power after World War II?

• Wirtschaftsreform

• Wirtschaftswunder

• Wirtschaftskrise

• Wirtschaftswachstum

What was the unemployment rate in West Germany reduced to by the end of this period?

• 5%

• 1.2%

• 2.5%

• 10%

Which currency replaced the Reichsmark in the non-Soviet zones of Germany in 1948?

• Deutschmark

• Franc

• Pound

• Euro

Who ended price controls on the same day as the introduction of the new currency?

• Konrad Adenauer

• Helmut Kohl

• Walter Ulbricht

• Ludwig Erhard

What was the effect of ending price controls in West Germany?

• Decreased supply of goods

• Increased inflation

• Increased supply of goods

• Stagnation of the economy

What law provided subsidies to assist with industrial development in 1952?

• The Marshall Plan

• The Investment Aid Law

• The Economic Miracle Act

• The Industrial Development Act

How much money was transferred to Germany from the USA under the Marshall Plan?

• $15 billion

• $15 million

• $1.5 billion

• $1.5 million

What economic model was successful in creating growth and stability in West Germany?

• Mixed economy

• Social market economy

• Planned economy

• Free market economy

What was a key factor behind the Wirtschaftswunder?

• Development of a trade deficit

• High unemployment rates

• Isolationist policies

• Development of a trade surplus

Which party dominated politics in West Germany after the establishment of the FRG?

• The Green Party

• The Christian Democrats

• The Social Democrats

• The Free Democratic Party