How did Germany become so rich after WW2?

Germany was an industrialised Country before, so there where a lot of good trained workers coming back from captivity looking for work. Right after the war Germany was a Kind of low-cost Country (low wages) and so they produced high Quality products and sold them very well.

How did Germany become an economic powerhouse?

The majority of Germany’s economic prowess is because of the small and medium corporations over there. These corporations are known to be most competitive all across Europe. They are responsible for the bulk of exports which make Germany a world leader.

How did WW2 affect Germany’s economy?

After World War II, Germany was also facing shortages in food, housing, energy, and more. These shortages contributed to the collapse of Germany’s currency and development of a black market in which prices were approximately between 20 and 100 times their legal prices.

How did Germany recover economically after WW2?

The country subsequently began a slow but continuous improvement of its standard of living, with the export of local products, a reduction in unemployment, increased food production, and a reduced black market.

What happened to Germany after WW2?

Germany lost in World War II. Being the loser, its economy started at a disadvantage compared to her World War II victors in the aftermath of WW2. However, Germany managed to recover more successfully than her World War II victors to become the dominant European economic power by the late 20th century.

What happened to the British economy after WW2?

ADDENDUM: Several commenters pointed out the downhill of the British economy began already after the WWI. While technically Britain won the WWI, the victory was a Pyrrhic one – in terms of lost manpower, economic assets and industrial output. WWII was a devastating catastrophe for the British Empire in this respect.

How did WW1 affect the economies of Europe?

The boring answer to that it the rather simple: It didn’t. The economy of both Germany and France were devastated by the war, the UK and US economy much less. Germany and France both recovered quickly, and Germany, France and the UK ended up with very similar levels of prosperity.

Who won WW2 – Britain or Germany?

While technically Britain won the WWI, the victory was a Pyrrhic one – in terms of lost manpower, economic assets and industrial output. WWII was a devastating catastrophe for the British Empire in this respect. , Extensive research over many years.