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→Economic history
In the 1960s, Germany had (ones of) hundreds of billions of dollars in GDP<ref>https://en.wikipedia.org/wiki/List_of_countries_by_largest_historical_GDP</ref>, being the third-largest economy, only next to the United States and the Soviet Union. However, in 1970, Germany had a $210 billion dollar economy, still being the 3rd largest economy, but being closely approached by Japan. The Germans climbed up to $475 billion in 1975, but got bumped down to fourth by the booming Japanese economy. In 1980, Germany went up to $920 billion, but still kept fourth place. Germany suffered a crash to $660 billion in 1985, still being fourth. In 1990, Germany exploded to $1.6 trillion, compared to the Soviet Union (3rd)'s $2.6 trillion. However, Germany went up to $2.6 trillion, overtaking the crashing Russian economy, and thus getting third place. In 2000, Germany went down to $1.95 trillion, still keeping third. Germany went to $2.875 trillion, being closely approached by the booming Chinese economy. Germany went to $3.3 trillion in 2015, but got bumped again to fourth, because of China's rapidly-growing economy. However, Germany grew slightly faster, when Germany got to $3.4 trillion in 2015. Germany now has a $4 trillion economy (as of 2020), but may be bumped down by 2025 by India's $3 trillion economy, which is booming dramatically.
In the 1960s, Germany had (ones of) hundreds of billions of dollars in GDP<ref>https://en.wikipedia.org/wiki/List_of_countries_by_largest_historical_GDP</ref>, being the third-largest economy, only next to the United States and the Soviet Union. However, in 1970, Germany had a $210 billion dollar economy, still being the 3rd largest economy, but being closely approached by Japan. The Germans climbed up to $475 billion in 1975, but got bumped down to fourth by the booming Japanese economy. In 1980, Germany went up to $920 billion, but still kept fourth place. Germany suffered a crash to $660 billion in 1985, still being fourth. In 1990, Germany exploded to $1.6 trillion, compared to the Soviet Union (3rd)'s $2.6 trillion. However, Germany went up to $2.6 trillion, overtaking the crashing Russian economy, and thus getting third place. In 2000, Germany went down to $1.95 trillion, still keeping third. Germany went to $2.875 trillion, being closely approached by the booming Chinese economy. Germany went to $3.3 trillion in 2015, but got bumped again to fourth, because of China's rapidly-growing economy. However, Germany grew slightly faster, when Germany got to $3.4 trillion in 2015. Germany now has a $4 trillion economy (as of 2020), but may be bumped down by 2025 by India's $3 trillion economy, which is booming dramatically.
[[File:Living Germany.jpg|left|170px]]
With a per capita income level of more than $28,700, Germany was broadly middle-class society. A generous social welfare system provides for universal medical care, unemployment compensation, and other social needs. Millions of Germans travel abroad each year.
With unification on October 3, 1990, Germany began the major task of bringing the standard of living of Germans in the former German Democratic Republic (G.D.R.) up to that of Western Germany. This has been a lengthy and difficult process due to the relative inefficiency of industrial enterprises in the former G.D.R., difficulties in resolving property ownership in eastern Germany, and the inadequate infrastructure and environmental damage that resulted from years of mismanagement under communist rule.
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=== Crisis of 2008 ===
=== Crisis of 2008 ===