West German capitalism refers to the economic system that developed in West Germany from the end of World War II until the reunification of Germany in 1990. This system was characterized by a social market economy, which combined free-market capitalism with social policies that aimed to ensure fair competition and social welfare. Key figures in this development included Ludwig Erhard, who promoted policies that encouraged economic growth and stability. The West German economy experienced rapid growth during the 1950s and 1960s, known as the "Wirtschaftswunder" or economic miracle. This growth was fueled by industrial production, exports, and a skilled workforce. The system emphasized cooperation between businesses, labor unions, and the government, which helped to create a stable economic environment and improve living standards for many citizens.