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NOVEMBER 19, 2001
INTERNATIONAL -- EUROPE'S FUTURE
Its economic prowess once drove European growth. Steady expansion ended in the '80s; growth since then has been fitful
SEPTEMBER, 1949
Federal Republic of Germany founded: Christian Democrat Konrad Adenauer elected Chancellor. Beginning of economic miracle years.
JULY, 1953
Uprising against Soviet forces in East Germany. Refugees pour into West Germany.
MARCH, 1957
Germany becomes a charter member of the European Economic Community.
AUGUST, 1961
Berlin Wall erected.
1960-1969
German exports boom: Auto industry flourishes.
OCTOBER, 1969
Willy Brandt heads first Social Democrat government in West Germany. Welfare state takes off.
1968-1977
Baader-Meinhof gang targets German corporate bosses.
1973-1975
Arab oil crisis hits economy.
OCTOBER, 1982
Helmut Kohl returns Christian Democrats to power. Cruise Missile Crisis.
NOVEMBER, 1989
Fall of Berlin Wall.
OCTOBER, 1990
German unification takes place.
SEPTEMBER, 1992
Kohl backs European Monetary Union.
1991-1999
Bundesbank's tight-money policy chokes growth.
APRIL, 1998
Daimler-Benz makes corporate history by acquiring U.S. carmaker Chrysler Corp.
SEPTEMBER, 1998
Gerhard Schröder of the Social Democrats elected Chancellor.
JANUARY, 1999
Launch of the euro: Bundesbank cedes control over German interest rates.
1999-2001
Schröder initiates reforms in taxes, pensions. Growth recovers.
APRIL, 2000
The index for the Neuer Markt, Europe's top high-tech bourse, starts to plummet.
SUMMER, 2001
German growth decelerates sharply.
SEPTEMBER, 2001
World Trade Center Attack: Schröder pledges full support for the U.S.
Data: BusinessWeek
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