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What significant economic event happened in Germany during Erhard's time as Minister of Economic Affairs?

  • 1980s stock crash

  • Postwar economic recovery

  • Great Depression

  • 1970s oil crisis

Answer

During his time as Minister of Economic Affairs, Ludwig Erhard was a key figure in the postwar economic recovery of West Germany. He introduced a number of policies that helped to stabilize the economy and promote growth, including the liberalization of trade and the introduction of a new currency, the deutsche mark. As a result of Erhard's policies, West Germany quickly became one of the most prosperous countries in Europe.
Mastering the Legacy: The Phenomenal Ludwig Erhard

Mastering the Legacy: The Phenomenal Ludwig Erhard

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