Translations:Hauptseite/363/en

In the midst of the restructuring process that the Carlshütte was undergoing, the Federal Republic was rocked by the biggest economic crisis in its experience. In the spring of 1973, the Bretton Woods world monetary system collapsed. Until then, this had stimulated world trade by largely stabilising exchange rates, and made it largely independent of exchange rate risks. Now the value of the German mark rose considerably against the currencies of the most important trading partners, for example, by more than double against the US dollar.