What was the secret of Germany's new prosperity?

Answer 1

Germany's new prosperity in the years following World War II can be attributed to several key factors, including the Marshall Plan, which provided financial aid for reconstruction, and effective economic policies that promoted industrial growth. The establishment of the social market economy, which balanced free-market capitalism with social welfare programs, helped to stabilize the economy and improve living standards. Additionally, Germany's strong emphasis on education and vocational training fostered a skilled workforce, further driving productivity and innovation. These elements combined to create a robust economic environment known as the "Wirtschaftswunder," or economic miracle.