jan 1, 1950 - 50s standards of living

Description:

Pros:
-By 1952, 450k housed built
-Real wages and salaries rose by over 80% between 1949-55
-Social welfare provisions
-Stable currency
-Economic growth up to 1964
-Social Market Economy
-1957, pensions boosted by 75%
-Growth of the car industry

Cons:
-Superficial quality to life
-Lack of willingness to confront recent past
-Materialistic society
-Inter-family tensions
-Emergence of a generation gap

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