Cards (4)

  • Many people spoke of a 'Year Zero', reflecting the need for a completely new start.
  • 1947 - Industrial output had reached only 33% of its 1938 level.
  • The currency had collapsed and people increasingly resorted to barter to acquire essential goods.
  • Western zones began to merge economically to facilitate trade between themselves, but it was only with the introduction of major reform in 1948 that significant improvements began to occur.