THE COLD WAR 1950 1973
THE COLD WAR
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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East German businesses prospered (grew).
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East Germans gained more freedoms
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Many East German businesses had to close.
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Unemployment rates grew ____ many people didn’t have a job.
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Detailed explanation-1: -Within a year after unification, the number of unemployed rose above 3 million. Industrial production in eastern Germany fell to less than half the previous rate, and the total regional product fell precipitously through 1991.
Detailed explanation-2: -The effects of reunifying left the citizens resenting each other. The East Germans believed their loss of jobs, income, and culture could be blamed on the greedy capitalists. All while the West Germans resented the East for bringing all their problems and slowing the economy.
Detailed explanation-3: -Registered Unemployment Rate: East Germany: Berlin data was reported at 9.100 % in Jan 2023. This records an increase from the previous number of 8.600 % for Dec 2022. Registered Unemployment Rate: East Germany: Berlin data is updated monthly, averaging 13.600 % from Apr 1997 to Jan 2023, with 310 observations.
Detailed explanation-4: -After German unification in October 1990, the economic performance of western Germany was initially strong. However, it deteriorated by 1992 and remained dismal for the remainder of the 1990s. During this time, the unemployment rate nearly doubled, as GDP growth averaged a meager 1.5 percent per year.