The West German postwar recovery was the most remarkable of all. The wartime destruction of much of Germany’s industrial plant had paradoxically proved beneficial; the new plant was built with the latest technological equipment.
The Allied High Commission gradually abolished controls over German industry, save for atomic energy and certain military restrictions. It provided economic aid and scaled down prewar German debts. By the early 1950s West Germany had a favorable balance of trade and a rate of industrial growth as high as 10 percent a year.
