Germany's Economy: Checkpoint 1

Quick checkpoint - five questions on the Zollverein, Bismarck, the postwar miracle, the social market economy and codetermination.

Question 1 of 5 What was the Zollverein?

A customs union among German states A German bank A car company A war

It began in 1834 under Prussian leadership.

Question 2 of 5 What did Bismarck introduce in the 1880s?

Social insurance for health, accidents and pensions The euro Free trade with Britain Income tax abolition

It was the first modern welfare state.

Question 3 of 5 What launched West Germany's miracle in 1948?

Currency reform and price liberalisation Nationalising all firms Banning exports Printing more Reichsmarks

Ludwig Erhard abolished many price controls.

Question 4 of 5 What is the social market economy?

Competitive markets with social protection Complete state planning No government at all A barter system

It draws on ordoliberal ideas.

Question 5 of 5 What does codetermination give German workers?

Seats on supervisory boards Ownership of all shares No rights Control of the central bank

In large firms, workers elect half the board.

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