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Germany and its Economy
Member rating: No Rating | Words: | Submitted: Tue Aug 26 2003
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Germany and its Economy Known as the "fair" capital, Germany lies in the center of Europe and in the center of the European home market. Approximately two thirds of the top international fairs take place in Germany. Germany is successful. A leader in world trade, Germany is the third largest economy in the world and the biggest market in Europe. It wasn't always this way though; European power struggles wounded the country in two devastating World Wars in the first half of the 20th century and left the country dominated by the victorious Allied powers of the US, UK, France, and the Soviet Union in 1945. Germany has been through all of the phases of the business cycle many times. It even suffered immense depression after World War One in the early 20th century. The Treaty of Versailles dug a deep hole in Germany's economy because the Allies had gotten a...
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