Germany and its Economy

Germany and its economy Germany is known as the "fair" capital city located at the heart of Europe and the domestic market in Europe. About two-thirds of the top international trade fair is held in Germany. Germany is a success. As a world trade leader, Germany is the world's third largest economy and Europe's largest market. But this is not necessarily the case, the power struggle in Europe in the first half of the 20th century hurt the country in two devastating world wars and was dominated by the victory alliance of the United States, Britain, France and the Soviets in 1945 . It is a country.

The German economy grew at an alarming rate in 1914 and should be regarded as one of the largest economic powers in the world at the time. In the early days when Imperial Germany existed, the economy was far behind competitors (UK, France, Belgium). Therefore, the social structure is not suitable for economic development or business development. But by the beginning of the 20th century, Germany became one of the world leaders in the industry after the UK (this situation slowly decreases after the industrial revolution). One example is steel production in Germany. Its production was estimated at 14 million tons in 1914, but the UK produced only 8 million tons. By 1914, the national NDP (Gross Domestic Product) exceeded 20 billion DM

Germany, the biggest economic power of Europe, struggled in 1991 when it was influenced by former communist German Democratic Republic or East Germany's Soviet Union. During the Cold War most of the industrial infrastructure in the Democratic Republic of Germany was abolished and over the years Germany has been working hard to build the infrastructure of the former East Germany up to the level of the former West Germany. At that time, the European economy was dominated by the EU, but the EU was a huge economic and political organization, at that time 15 European countries were regular members. The EU member states are regarded as cravings and the EU provides considerable support and support to the Central and Eastern European countries who are willing to work hard to achieve an economy that meets the entry criteria. During this period, 12 of the 15 Member States of the European Union became Member States and became the currency zone started in 1999, each Member State replaced the previous local currency with the euro of the common currency.