8 Billion Of Germany Compared To The United States

Germany has made major economic advancement in their recovery efforts since World War II. With the surrender of the Nazis, allied forces occupied Germany, from 1945-1949, maintaining all policies that were emplaced by the Nazi Party, which resulted in an economic disaster. “There were price controls, rent controls, wage controls, and extensive general regulation of the economy. The net result was an economic disaster and the creation of near-famine conditions.” (Watkins) Even after the allied forces released its grasp and allowed Germany to retract the controls it caused major inflation previously suppressed by the controls. Current day Germany’s economy ranks number six in the world. Germany’s inflation rate is at 0.8 percent and ranked 53rd in the world, 32 ranks above the United States. Their current account balance ranks number one in the world at $ 257.7 Billion compared to the United States ranked 193 with an account balance of $-385.8 Billion.

On January 30, 1933, Hitler was appointed as chancellor of Germany, “and his Nazi government soon came to control every aspect of German life.” (Nazi Party) The Nazi party spread havoc onto Germany from 1933 to 1945, leaving the battered country without a working government. Modern day Germany’s political system is a Federal Republic, adopted on May 8, 1949. Some would say, “In the 24 years since Germany was unified, it has become the most valuable European partner of the United States.” (Learning English) The strong German government has taken the lead in solving the European financial