This video will compare the top 10 largest economies in Europe by GDP from 1960 to 2021. Enjoy! Source: World Bank, IMF Music: Your Suggestions by Unicorn Heads
The Germans are so great! After lost so much territory and population, West Germany alone surpassed the Soviet Union in GDP in 1986 to become the largest economy in Europe, and it has continued to today.
It was more because of immense financial aid from US after WW2 and a cheap labour force from the Mediterranean that the Germans were able to recover this quickly...
@@d-phoenix2198 wrong! Germany only got 1,4 Billion out of the Marshall plan. France, GB, Italy got way way more from it. And also the US stole several hundred thousands of German patents and took thousands of German scientists with them. That Germany could rise up again was because of the Wirtschaftswunder (economical miracle). Konrad Adenauer and Ludwig Erhard made an intelligent economy system and the people all helped to build up the country again.
@@philippbock3444 Bruh, 1.4 Billion is not only. That is a shit load of money for most countries, especially one still having to deal with the destruction of industry due to war.
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It’s interesting to watch how the United Kingdom faired from 1979-2006. If you watch closely, you can see the British economy shrink in the early Thatcher years, no doubt as a result of coal mines closing and the economy shifts away from regulated heavy industry to deregulated services. In the mid to late 80s’ as the British economy accepts its new model and how it operates, there’s rapid growth under Thatcher, due to the economic landscape becoming more free market, less regulated and more privatised with shares being made available to buy and sell. The early to mid 90s’ capitalised on this under Major, but the economy grew less rapidly. Then from 97-06, under Blair, the economy had a pretty steady rate of economic growth. Conclusively, it can be argued that the economic reforms of Thatcherism were needed and for the Labour Party to consistently win votes, they need to accept that a free market approach works for the economy.
Nope… The UK economic outlook is bleak at best … since they are out of the Union 🇪🇺 they will face hardship and loss of business in the near future. The great European Nations will gain ground 🖖 I looks like you have been watching another video altogether… After the initial shock of Brexit, the economy of the UK took a big hit … gained a little ground and now is in steady decline … Who wants to do business with a country that is politically so unreliable and unstable. Business care most about realizability… and certainly THIS conservative government is tryin everything in their power to upset its closes neighbors.
yeah the UK isn't so great for probably the bottom 20-50% of the Country. In the Global Social Mobility Index it's only at 21 out of 80 while the Top12 is completely made up of all of West/North Mainland Europe (Den, Swe, Nor, Ice, Fin, Ger, Fra, Ned, Bel, Lux, Sui, Aus).
The 60's in the US were good because of events like moon landing US had also just won WW2 at that time. But then again tensions with the USSR were at peak at that time like the Cuban missile crisis also the Vietnam war. I think the golden age for US citizen was in the 90's when new technology like computers and internet just came out. The Gulf war had also just ended and with the collapse of the USSR the biggest threat of the US was gone. USA became the sole superpower of the world and still is today but in recent years China has caught up too.
@@assassinator7440 I can agree on your points. Both can be considered golden age to me but I more bending towards 50s and 60s due to Europe was in bad shape after WW2. US dominating free market with its economic might in all areas. Domestic masket grow in enormous pace by introduction of freeways and new town grow, suburbs. US continue dominating until recently. No hate here just different perspective.
I get your drift but the previous comments are correct. As a continent, Europe's eastern border is the Ural mountain range, well within the present borders of Russia. IMO, Russians have an outlook that is both west towards Europe, and east inward to herself. Is it a coincidence that the double headed Russian eagle is looking in two directions? I don't know.
