75 years of currency reform in Germany - what can we learn from it today?
In June 1948, the Deutsche Mark was introduced in West Germany and, at the same time, the social market economy was formed. The beginning was bumpy, but in the end, this formed the foundations of the outstanding economic success of the Federal Republic of Germany over the following decades. Frank Stocker, Author of the book Die Deutsche Mark – wie aus einer Währung ein Mythos wurde (The German Mark – How a Currency Became a Myth), says there is a lot to learn from the events of that time for today.