Economic Miracle

Can you imagine a country having uncontrollable inflation become capable to host an Olympic game?

Can you imagine a country having trillion face value currencies become a heavy arm producer?

Basically, it is always NO!

If I say that it was possible, will you believe that even? Let me tell you about an economic miracle that has happened in the very near-century.

After the fall of Germany in the first world war, she was imposed with a heavy burden. Germany was forced to lose her arms, assets, gold, and reputation. At the Versailles palace, the German leadership signed the surrender agreement that scattered the country. They agreed to pay compensation to the other countries that have lost the assets.

Due to the heavy compensations, Germany fell into the trap of inflation. The government started to print more and more currencies. But it was not enough to overcome the issue. Workers were paid in carts. At one instance, people began to lose their jobs due to the economic imbalance and was not able to withstand the cost of living.

It is recorded that even trillion face value currency notes were also printed. Gradually the Mark lost its stance in the markets and people started to use Mark currencies as firewoods. It is recorded that the Mark currencies full of wheelbarrow was not enough to buy a loaf of bread.

In 1933, the President of Germany had no choice than appointing the emerging leader to avoid the uprising against the government further. Shortly after the appointment, the President died. Then the appointed Chancellor became the President in the same year. His main objective was to resettle the shattered economy.

President and his party used many tactics to overcome the inflation in building up the country in a very short duration. He wanted to remove Mark from the people's use as it was useless already. So he introduced the point scheme. Workers were paid with points and those points were able to be changed to products in shops. In the meantime, he used the resources available in the country to produce arms and exported the resources to earn the treasury. Did he achieve his dream?

Yes, in 1936, Germany hosted the Olympic games very grandly. Nobody had imagined that it would be possible. But it was made to be possible. 

In 1933 the unemployed people were about 6 million and in 1936, it became to few hundreds.

Whatever the allegations the government was imposed with, we must appreciate what they have given to this world. The economic miracle that happened in Germany in-between 1933-1936 is one of the finest examples for nothing is impossible.