German Economic Miracle
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German Economic Miracle
The ''Wirtschaftswunder'' (, "economic miracle"), also known as the Miracle on the Rhine, was the rapid reconstruction and development of the economies of West Germany and Austria after World War II (adopting an ordoliberalism-based social market economy). The expression referring to this phenomenon was first used by ''The Times'' in 1950. Beginning with the replacement of the Reichsmark with the Deutsche Mark in 1948 as legal tender (the Schilling was similarly re-established in Austria), a lasting era of low inflation and rapid industrial growth was overseen by the government led by West German Chancellor Konrad Adenauer and his Minister of Economics, Ludwig Erhard, who went down in history as the "father of the West German economic miracle." In Austria, efficient labor practices led to a similar period of economic growth. The era of economic growth raised West Germany and Austria from total wartime devastation to developed nations in modern Europe. At the founding of the E ...
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1000000th Beetle
1 (one, unit, unity) is a number representing a single or the only entity. 1 is also a numerical digit and represents a single unit (measurement), unit of counting or measurement. For example, a line segment of ''unit length'' is a line segment of length 1. In conventions of sign where zero is considered neither positive nor negative, 1 is the first and smallest Positive number, positive integer. It is also sometimes considered the first of the sequence (mathematics), infinite sequence of natural numbers, followed by 2, although by other definitions 1 is the second natural number, following 0. The fundamental mathematical property of 1 is to be a multiplicative identity, meaning that any number multiplied by 1 equals the same number. Most if not all properties of 1 can be deduced from this. In advanced mathematics, a multiplicative identity is often denoted 1, even if it is not a number. 1 is by convention not considered a prime number; this was not universally ac ...
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European Common Market
The European Economic Community (EEC) was a regional organization created by the Treaty of Rome of 1957,Today the largely rewritten treaty continues in force as the ''Treaty on the functioning of the European Union'', as renamed by the Lisbon Treaty. aiming to foster economic integration among its member states. It was subsequently renamed the European Community (EC) upon becoming integrated into the first pillar of the newly formed European Union in 1993. In the popular language, however, the singular ''European Community'' was sometimes inaccuratelly used in the wider sense of the plural '' European Communities'', in spite of the latter designation covering all the three constituent entities of the first pillar. In 2009, the EC formally ceased to exist and its institutions were directly absorbed by the EU. This made the Union the formal successor institution of the Community. The Community's initial aim was to bring about economic integration, including a common market an ...
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Harper's Magazine
''Harper's Magazine'' is a monthly magazine of literature, politics, culture, finance, and the arts. Launched in New York City in June 1850, it is the oldest continuously published monthly magazine in the U.S. (''Scientific American'' is older, but it did not become monthly until 1921). ''Harper's Magazine'' has won 22 National Magazine Awards. In the 19th and 20th centuries, the magazine published works of authors such as Herman Melville, Woodrow Wilson, and Winston Churchill. Willie Morris's resignation as editor in 1971 was considered a major event, and many other employees of the magazine resigned with him. The magazine has developed into the 21st century, adding several blogs. ''Harper's'' has been the subject of several controversies. History ''Harper's Magazine'' began as ''Harper's New Monthly Magazine'' in New York City in June 1850, by publisher Harper & Brothers. The company also founded the magazines ''Harper's Weekly'' and ''Harper's Bazaar'', and grew to become Ha ...
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Bundeswehr
The ''Bundeswehr'' (, meaning literally: ''Federal Defence'') is the armed forces of the Federal Republic of Germany. The ''Bundeswehr'' is divided into a military part (armed forces or ''Streitkräfte'') and a civil part, the military part consisting of the German Army, the German Navy, the German Air Force, the Joint Support Service, the Joint Medical Service, and the Cyber and Information Domain Service. , the ''Bundeswehr'' had a strength of 183,638 active-duty military personnel and 81,318 civilians, placing it among the 30 largest military forces in the world, and making it the second largest in the European Union behind France. In addition, the ''Bundeswehr'' has approximately 30,050 reserve personnel (2020). With German military expenditures at $56.0 billion, the ''Bundeswehr'' is the seventh highest-funded military in the world, though military expenditures remain relatively average at 1.3% of national GDP, well below the (non-binding) NATO target of 2%. German ...
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Terence Prittie
Publius Terentius Afer (; – ), better known in English as Terence (), was a Roman African playwright during the Roman Republic. His comedies were performed for the first time around 166–160 BC. Terentius Lucanus, a Roman senator, brought Terence to Rome as a slave, educated him and later on, impressed by his abilities, freed him. It is thought that Terence abruptly died, around the age of 25, likely in Greece or on his way back to Rome, due to shipwreck or disease. DEAD LINK He was supposedly on his way to explore and find inspiration for his comedies. His plays were heavily used to learn to speak and write in Latin during the Middle Ages and Renaissance Period, and in some instances were imitated by William Shakespeare. One famous quotation by Terence reads: "''Homo sum, humani nihil a me alienum puto''", or "I am human, and I think nothing human is alien to me." This appeared in his play ''Heauton Timorumenos''. Biography Terence's date of birth is disputed; Aeliu ...
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France
France (), officially the French Republic ( ), is a country primarily located in Western Europe. It also comprises of Overseas France, overseas regions and territories in the Americas and the Atlantic Ocean, Atlantic, Pacific Ocean, Pacific and Indian Oceans. Its Metropolitan France, metropolitan area extends from the Rhine to the Atlantic Ocean and from the Mediterranean Sea to the English Channel and the North Sea; overseas territories include French Guiana in South America, Saint Pierre and Miquelon in the North Atlantic, the French West Indies, and many islands in Oceania and the Indian Ocean. Due to its several coastal territories, France has the largest exclusive economic zone in the world. France borders Belgium, Luxembourg, Germany, Switzerland, Monaco, Italy, Andorra, and Spain in continental Europe, as well as the Kingdom of the Netherlands, Netherlands, Suriname, and Brazil in the Americas via its overseas territories in French Guiana and Saint Martin (island), ...
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Saarland
The Saarland (, ; french: Sarre ) is a state of Germany in the south west of the country. With an area of and population of 990,509 in 2018, it is the smallest German state in area apart from the city-states of Berlin, Bremen, and Hamburg, and the smallest in population apart from Bremen. Saarbrücken is the state capital and largest city; other cities include Neunkirchen and Saarlouis. Saarland is mainly surrounded by the department of Moselle ( Grand Est) in France to the west and south and the neighboring state of Rhineland-Palatinate in Germany to the north and east; it also shares a small border about long with the canton of Remich in Luxembourg to the northwest. Saarland was established in 1920 after World War I as the Territory of the Saar Basin, occupied and governed by France under a League of Nations mandate. The heavily industrialized region was economically valuable, due to the wealth of its coal deposits and location on the border between France and German ...
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Manufacturing Plants
A factory, manufacturing plant or a production plant is an industrial facility, often a complex consisting of several buildings filled with machinery, where workers manufacture items or operate machines which process each item into another. They are a critical part of modern economic production, with the majority of the world's goods being created or processed within factories. Factories arose with the introduction of machinery during the Industrial Revolution, when the capital and space requirements became too great for cottage industry or workshops. Early factories that contained small amounts of machinery, such as one or two spinning mules, and fewer than a dozen workers have been called "glorified workshops". Most modern factories have large warehouses or warehouse-like facilities that contain heavy equipment used for assembly line production. Large factories tend to be located with access to multiple modes of transportation, some having rail, highway and water loading and ...
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Potsdam Conference
The Potsdam Conference (german: Potsdamer Konferenz) was held at Potsdam in the Soviet occupation zone from July 17 to August 2, 1945, to allow the three leading Allies to plan the postwar peace, while avoiding the mistakes of the Paris Peace Conference of 1919. The participants were the Soviet Union, the United Kingdom, and the United States. They were represented respectively by General Secretary Joseph Stalin, Prime Ministers Winston Churchill and Clement Attlee, and President Harry S. Truman. They gathered to decide how to administer Germany, which had agreed to an unconditional surrender nine weeks earlier. The goals of the conference also included establishing the postwar order, solving issues on the peace treaty, and countering the effects of the war. The foreign ministers and aides played key roles: Vyacheslav Molotov, Anthony Eden and Ernest Bevin, and James F. Byrnes. From July 17 to July 25, nine meetings were held, when the Conference was interrupted for two d ...
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Walter Heller
Walter Wolfgang Heller (27 August 1915 – 15 June 1987) was a leading American economist of the 1960s, and an influential adviser to President John F. Kennedy as chairman of the Council of Economic Advisers, 1961–64. Life and career Heller was born in Buffalo, New York, to German immigrants, Gertrude (Warmburg) and Ernst Heller, a civil engineer. After attending Shorewood High School in Shorewood, Wisconsin, he entered Oberlin College in 1931, graduating with a B.A. degree in 1935. Heller received his masters and doctorate degrees in economics from the University of Wisconsin. As a Keynesian, he promoted cuts in the marginal federal income tax rates. This tax cut, which was passed by President Lyndon B. Johnson and Congress after Kennedy's death, was credited for boosting the U.S. economy. Heller developed the first "voluntary" wage-price guidelines. When the steel industry failed to follow them, it was publicly attacked by Kennedy and quickly complied. Heller was one o ...
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Morgenthau Plan
The Morgenthau Plan was a proposal to eliminate Germany following World War II and eliminating its arms industry and removing or destroying other key industries basic to military strength. This included the removal or destruction of all industrial plants and equipment in the Ruhr. It was first proposed by United States Secretary of the Treasury Henry Morgenthau Jr. in a 1944 memorandum entitled ''Suggested Post-Surrender Program for Germany''. While the Morgenthau Plan had some influence until July 10, 1947 (adoption of JCS 1779) on Allied planning for the occupation of Germany, it was not adopted. US occupation policies aimed at "industrial disarmament", but contained a number of deliberate loopholes, limiting any action to short-term military measures and preventing large-scale destruction of mines and industrial plants, giving wide-ranging discretion to the military governor and Morgenthau's opponents at the War Department. An investigation by Herbert Hoover concluded the plan ...
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