German Economic, Monetary and Social Union (1990)

E239232

The German Economic, Monetary and Social Union (1990) was the agreement that integrated East Germany into the Federal Republic of Germany’s economic and monetary system, introducing the Deutsche Mark and aligning social and economic policies ahead of formal reunification.

All labels observed (5)

How this entity was disambiguated

Statements (46)

Predicate Object
instanceOf economic union agreement ⓘ
intergovernmental agreement ⓘ
appliesToTerritory East Germany ⓘ
Federal Republic of Germany ⓘ
linked to: Germany
areaOfImpact fiscal policy ⓘ
labor market regulation ⓘ
monetary policy ⓘ
social security ⓘ
wage policy ⓘ
context end of the Cold War in Europe ⓘ
transition from centrally planned economy to market economy in East Germany ⓘ
countryInvolved Federal Republic of Germany ⓘ
linked to: Germany

German Democratic Republic ⓘ
linked to: East Germany
effect convergence of wage levels between East and West Germany ⓘ
disruption of East German state-owned enterprises ⓘ
extension of West German labor law to East Germany ⓘ
extension of West German social security system to East Germany ⓘ
extension of West German welfare benefits to East Germany ⓘ
increase in fiscal transfers from West to East Germany ⓘ
integration of East German economy into West German market structures ⓘ
rapid price liberalization in East Germany ⓘ
sharp increase in unemployment in East Germany ⓘ
followedBy German reunification ⓘ
governingPrinciple adoption of West German economic and social model in East Germany ⓘ
use of Deutsche Mark as sole legal tender in East Germany ⓘ
implementsPolicy economic union between East and West Germany ⓘ
monetary union between East and West Germany ⓘ
social policy harmonization between East and West Germany ⓘ
introducedCurrency Deutsche Mark ⓘ
languageOfDocument German ⓘ
legalNature bilateral treaty between the Federal Republic of Germany and the German Democratic Republic ⓘ
mainPurpose alignment of economic policies between East and West Germany ⓘ
alignment of social policies between East and West Germany ⓘ
integration of East Germany into West Germany’s economic system ⓘ
introduction of the Deutsche Mark in East Germany ⓘ
partOf German reunification process ⓘ
politicalSignificance precondition for political reunification of Germany ⓘ
signal of irreversible integration of East Germany into the Federal Republic of Germany ⓘ
precededBy fall of the Berlin Wall ⓘ
relatedConcept economic integration ⓘ
monetary union ⓘ
social policy harmonization ⓘ
relatedEvent German reunification (1990) ⓘ
linked to: unified Germany

Two Plus Four Agreement ⓘ
replacedCurrency East German mark ⓘ
timePeriod 1990 ⓘ

How these facts were elicited

Referenced by (5)

Full triples — surface form annotated when it differs from this entity's canonical label.

East German mark → monetaryUnionEvent → German Economic, Monetary and Social Union (1990) ⓘ
territoriale Neuordnung der Bundesrepublik Deutschland → hatTeil → Beitritt der DDR zur Bundesrepublik Deutschland ⓘ
linked to: German Economic, Monetary and Social Union (1990)
Vertrag vom 31. August 1990 zwischen der Bundesrepublik Deutschland und der Deutschen Demokratischen Republik über die Herstellung der Einheit Deutschlands → stehtImZusammenhangMit → Währungs-, Wirtschafts- und Sozialunion zwischen der DDR und der Bundesrepublik Deutschland ⓘ
linked to: German Economic, Monetary and Social Union (1990)
Rechtsakte der deutschen Wiedervereinigung → hasPart → Staatsvertrag über die Wirtschafts-, Währungs- und Sozialunion zwischen der Bundesrepublik Deutschland und der DDR ⓘ
linked to: German Economic, Monetary and Social Union (1990)
Rechtsakte der deutschen Wiedervereinigung → hasPart → Staatsvertrag über die Schaffung einer Währungs-, Wirtschafts- und Sozialunion vom 18. Mai 1990 ⓘ
linked to: German Economic, Monetary and Social Union (1990)