Why did the Wirtschaftswunder happen?

The demands of the Korean War in 1950–53 led to a global shortage of goods that helped overcome lingering resistance to the purchase of West German products. At the time West Germany had a large pool of skilled labour, partly as a result of the deportations and migrations which affected up to 16.5 million Germans.

What is Ludwig Erhard known for?

He is known for leading the West German postwar economic reforms and economic recovery (Wirtschaftswunder, German for “economic miracle”) in his role as Minister of Economic Affairs under Chancellor Konrad Adenauer from 1949 to 1963.

What does Erhard mean?

Honor
In German Baby Names the meaning of the name Erhard is: Honor.

What kind of name is Erhard?

Erhard is a German nickname surname. Such names came from eke-names, or added names, that described their initial bearer through reference to a physical characteristic or other attribute. It is a name for a courageous or honorable person. The surname Erhard is composed of two German words meaning honor and bravery.

Was Erhard a Wirtschaftswunder?

Ludwig Erhard, who served as Minister of the Economy in Chancellor Adenauer’s cabinet from 1949 until 1963 and would later rise to Chancellor himself, is often associated with the West German Wirtschaftswunder.

What is the history of Ludwig Erhard?

See Article History. Ludwig Erhard, (born February 4, 1897, Fürth, Germany—died May 5, 1977, Bonn, West Germany), economist and statesman who, as economics minister (1949–63), was the chief architect of West Germany’s post-World War II economic recovery. He served as German chancellor from 1963 to 1966.

Was Ludwig Erhard ever a member of the CDU?

However, Erhard spent his entire career with the CDU, and was believed to be a member by both the party and the public; his lack of party membership was not widely known until decades after his death. Berghahn, Volker R. “Ordoliberalism, Ludwig Erhard, and West Germany’s “economic basic law”.”

Why was Ludwig Erhard only the Chancellor in West Germany?

^ Due to the division of Germany, Ludwig Erhard was only the Federal Chancellor in West Germany. The term West Germany is only the common English name for the Federal Republic of Germany between its formation on 23 May 1949 and the German reunification through the accession of East Germany on 3 October 1990.