Economy of GermanyThe economy of Germany is a highly developed social market economy. It has the largest national economy in Europe, the fourth-largest by nominal GDP in the world (almost tied with Japan), and fifth by GDP (PPP). Due to a volatile currency exchange rate, Germany's GDP as measured in dollars fluctuates sharply. In 2017, the country accounted for 28% of the euro area economy according to the International Monetary Fund (IMF). Germany is a founding member of the European Union and the Eurozone.
Cold WarThe Cold War was a period of geopolitical tension between the United States and the Soviet Union and their respective allies, the Western Bloc and the Eastern Bloc. The term cold war is used because there was no large-scale fighting directly between the two superpowers, but they each supported opposing sides in major regional conflicts known as proxy wars. The conflict was based on the ideological and geopolitical struggle for global influence by these two superpowers, following their roles as the Allies of World War II that led to victory against Nazi Germany and Imperial Japan in 1945.
ReichsmarkThe Reichsmark (ˈʁaɪçsˌmaʁk; sign: R︁M︁; abbreviation: RM) was the currency of Germany from 1924 until 20 June 1948 in Trizone, where it was replaced by the Deutsche Mark, and until 23 June 1948 in the Soviet occupation zone of Germany , where it was replaced by the East German mark. The Reichsmark was subdivided into 100 Reichspfennigs (Rpf or R︁₰). The Mark is an ancient Germanic weight measure, traditionally a half pound, later used for several coins; Reich (realm in English) comes from the official name for the German state from 1871 to 1945, Deutsches Reich.
EurozoneThe euro area, commonly called the eurozone (EZ), is a currency union of 20 member states of the European Union (EU) that have adopted the euro (€) as their primary currency and sole legal tender, and have thus fully implemented EMU policies. The 20 eurozone members are: Austria, Belgium, Croatia, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.
KasselKassel (ˈkasl̩; in Germany, spelled Cassel until 1926) is a city on the Fulda River in northern Hesse, Germany. It is the administrative seat of the Regierungsbezirk Kassel and the district of the same name and had 201,048 inhabitants in December 2020. The former capital of the state of Hesse-Kassel has many palaces and parks, including the Bergpark Wilhelmshöhe, which is a UNESCO World Heritage Site. Kassel is also known for the documenta exhibitions of contemporary art.
Pound sterlingSterling (ISO code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound (sign: £) is the main unit of sterling, and the word "pound" is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling. In British English, its most common nickname is "quid." Sterling is the world's oldest currency that is still in use and that has been in continuous use since its inception.
United States dollarThe United States dollar (symbol: ;currencycode:USD;alsoabbreviatedUS to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. PrussiaPrussia (ˈprʌʃə; Preußen, ˈpʁɔʏsn̩, Old Prussian: Prūsa or Prūsija) was a German state located on most of the North European Plain, also occupying southern and eastern regions. It formed the German Empire when it united the German states in 1871. It was de facto dissolved by an emergency decree transferring powers of the Prussian government to German Chancellor Franz von Papen in 1932 and de jure by an Allied decree in 1947. For centuries, the House of Hohenzollern ruled Prussia, expanding its size with the Prussian Army.
French francThe franc (fræŋk; franc français, fʁɑ̃ fʁɑ̃sɛ; sign: F or Fr), also commonly distinguished as the French franc (FF), was a currency of France. Between 1360 and 1641, it was the name of coins worth 1 livre tournois and it remained in common parlance as a term for this amount of money. It was reintroduced (in decimal form) in 1795. After two centuries of inflation, it was redenominated in 1960, with each new franc (NF) being worth 100 old francs. The NF designation was continued for a few years before the currency returned to being simply the franc.
West GermanyWest Germany (Westdeutschland) is the colloquial English term used to indicate the Federal Republic of Germany (FRG; Bundesrepublik Deutschland ˈbʊndəsʁepuˌbliːk ˈdɔʏtʃlant) between its formation on 23 May 1949 and the German reunification through the accession of East Germany on 3 October 1990. During the Cold War, the western portion of Germany and the associated territory of West Berlin were parts of the Western Bloc.
