June 14.1967-West Germany through a stable economic law
June 14, 1967 (DingWei May seventh day), West Germany by stable economic law. economic
the Federal Republic of Germany was founded basically to take the Erhard's "social market economy" theory, of few economic intervention. The economic crisis occurred in April 1966.
order to ensure steady economic growth and people's employment, the Social Democrats, Economy Minister Xi Leti a bill "to promote economic stability and growth". June 14, 1967, adoption by the Bundestag.
it became the Government to formulate a five-year financial plan and medium-term public investment program; same time in order to promote economic growth by reducing taxes and providing investment grants. Economic balance reserve countries can also be established by the Commonwealth Bank, based on the need to limit loans stop payment budget funds. Through these means to stabilize the economy to achieve price stability, full employment, external economic balance and moderate economic growth goals. After the (lsjt.org)
the implementation of this Act, the economy is booming again. This Act is called the great Charter of the modern German medium-term economic intervention.
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