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Essay / Research Paper Abstract
A paper which considers various elements of German economic history during the twentieth century and looks also at economic developments and democratisation in the EU since its inception. Bibliography lists 5 sources.
Page Count:
6 pages (~225 words per page)
File: JL5_JLgermEU.rtf
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Unformatted sample text from the term paper:
the foundation of the European Union, the German economy has not grown as rapidly or as effectively as might have been expected. According to Eichengreen and Ritschl (2003) the
fact that the German economy compares favourably in the latter part of the twentieth century with, for example, that of the UK is primarily because Germany was able to make
a fuller recovery from the aftermath of two World Wars than was the case for other European nations. It could certainly be asserted that the start of Germanys economic problems
came about as a result of the First World War and particularly the conditions which were imposed on the country by the Treaty of Versailles. The way in which German
reparations payments were scheduled led to confusion, and the actual figure bore little relation to the payments which were actually made. The final figure settled on was fifty billion gold
marks, of which Germany eventually paid about twenty billion: however, as Marks notes, much of this came from foreign loans which were not later honoured by the Nazis.
During the 1920s, inflation in Germany soared, and whilst the Germans
blamed the size of the reparation payments, the Allies asserted that the country was deliberately wrecking the economy in order to avoid making the payments. There were also failures to
meet payments in kind, which eventually led to France occupying the Ruhr and then being obliged to accept an unfavourable settlement under the Dawes Plan. It is evident that the
severe economic problems which Germany suffered in the 1930s were a major contributory factor in Hitlers rise to power, his policies for economic growth being seen as the only valid
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