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<p>The <b><i>Wirtschaftswunder</i></b> (, ), also known as the <b>Miracle on the Rhine</b>, was the rapid reconstruction and development of the <a href="page.php?w=Economy">economies</a> of <a href="page.php?w=West_Germany">West Germany</a> and <a href="page.php?w=Austria">Austria</a> after <a href="page.php?w=World_War_II">World War II</a>. The expression was first used to refer to this phenomenon by <a href="page.php?w=The_Times">The Times</a> in 1950.</p>

<p>Beginning with the <a href="page.php?w=Monetary_reform">replacement</a> of the <a href="page.php?w=German_reichsmark">Reichsmark</a></p><p>
<a accesskey="3" href="page.php?w=Wirtschaftswunder&amp;p=2">3.Next</a>
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