How Economies Bounce Back From Total Collapse: The German Economic Miracle (1948-1957)

Published: May 5, 2020, 6:25 a.m.

After World War II the German economy was a smoldering ruin. Scorched-earth policies destroyed 20-70% of all houses. Factories, hospitals, and schools were bomb craters. Germans only ate 1,000-1500 calories a day. There was no food in the stores...