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The Economic Miracle - Coggle Diagram
The Economic Miracle
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Job Creation
- Employment had risen by 4.2% by 1955
- Between 1949 and 1963, incomes rose by around 400%
Rate of Economic Growth
- On average, the annual growth in the Federal Republic of Germany between 1951 and 1965 was 8%
- The FRG's gross national product increased by 100% between 1950-1955
Exports
- By 1954, the Federal Republic was behind the United States and Britain as a trading power.