Many Americans feared that the end of World War II and the subsequent drop in military spending might bring back the hard times of the Great Depression. But instead, pent-up consumer demand fueled exceptionally strong economic growth in the post-war period.
Why is Western Europe stronger than Eastern Europe?
It should come as no huge surprise: VC activity in Western Europe is much stronger than in Eastern Europe. Countries in Western Europe generally have more developed economies and a higher level of income per capita. As a result, there is more money available to entrepreneurs with a strong idea and business plan.
What happened to Western Europe after ww2?
Germany was partitioned (divided) soon after World War II ended into two separate parts: West Germany and East Germany. At the end of World War II, the western part of Germany was occupied and controlled for a few years by U.S., British, and French forces.
What was the difference between Western and Eastern Europe?
The key difference between Western and Eastern Europe is that the name Eastern Europe is used to refer to all European countries that were previously ruled by communist regimes while the name Western Europe refers to the more economically stable and developed Western countries.
What was the difference between Eastern and Western Europe?
Before the eruption of the plague (1346), few differences between Western and Eastern Europe existed in terms of political, economic and social institutions. Nevertheless, by the beginning of the 17th century, Western Europe was years ahead of its Eastern counterpart.
Which is the fastest growing economy in Europe?
The Commission’s report predicts GDP growth of 4.5% in 2016. Romania also returns strong figures, with growth expected to be 4.2% this year – up from 3.6% last year.
How did central planning affect the economy of Eastern Europe?
State ownership and central planning produced poor decisions about how to use resources and led to greatly distorted economies. Every Eastern European government skewed investment toward heavy industry and capital goods at the expense of light industry, services, and consumer goods.
What are the stabilization efforts in Eastern Europe?
Stabilization efforts in Eastern Europe have aimed at creating a stable financial environment that will foster the rapid growth of domestic business activity, international trade, and foreign direct investment.
