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On June 14, 1967, the West German Economic Stability Act was passed.
Today, 58 years ago, on June 14, 1967 (March 7, 1967), West Germany passed the Economic Stability Act. After the establishment of the Federal Republic of Germany, the economics were basically adopted by Ahmed’s “social market economy” theory, with little economic intervention. In April 1966, the economic crisis occurred. In order to ensure steady economic growth and people’s employment, the Social Democrats, the Minister of Economy Schiller proposed the “Promotion of Economic Stability and Growth Act.” Adopted by the Federal Assembly on June 14, 1967. It became the government’s five-year fiscal plan and a program for medium-term public investment; at the same time, by reducing taxes and providing investment subsidies to promote economic growth. The state can also establish an economic balance preparation through the Federal Bank, restricting loans


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