The "German Economic Miracle," or Wirtschaftswunder, refers to the rapid reconstruction and growth of the West German economy after World War II, particularly from the late 1940s to the 1960s. This period saw a significant increase in industrial production, employment, and living standards, largely due to the implementation of the Marshall Plan and economic reforms led by Ludwig Erhard, the Minister of Economics. Key factors contributing to this economic success included a strong emphasis on free-market policies, the establishment of a social market economy, and the skilled labor force. The Deutsche Mark currency reform in 1948 also played a crucial role in stabilizing the economy and fostering consumer confidence.