The German and the Japanese economic history of the post war years is considered to be an "economic miracle" for two main reasons:
Both countries were devastated after the World War II. Japan and Germany were losing countries, and had to surrender incoditionally to the allies (United States, the Soviet Union, France, and Britain), after having their cities, countryside, and infraestructure bombed and destroyed. Some cities had to be rebuilt almost from scratch, and this obviously made it harder to propser economically.
The two countries quickly recovered and began to grow economically at an spectacular pace. For example, by the 1960s, only 15 years after the end of the war, Japan was growing at a pace of over 10% per year, and Germany was growing almost as much. This enormous economic growth only a few years after having been devastated, helped Germany and Japan become developed nations in only two decades.
<span>It said that the only people who became successful were people who were the fittest to do so. They deserved what they got for their hard work. It legitimized businessmen's success and allowed it to coincide with the American ideals of freedom and individualism.</span>
The unprecedented levels of production in domestic manufacturing and commercial agriculture during this period greatly strengthened the American economy and reduce dependence on imports. The Industrial Revolution resulted in greater wealth and a larger population in Europe as well as in the United States.
this civilization emerged from an are called "the cradle of civilization." it spread throughout the Mediterranean region by controlling sea trade routes. trade was so important to this civilization's power that it even established trading colonies far away.-a: Phoenician
