Ludwig Erhard

Erhard oversaw the introduction of the Deutsche Mark and simultaneously abolished most price controls and rationing. This bold move, against Allied advice, triggered the 'economic miracle' by stimulating production and ending the black market.

Ludwig Erhard was appointed Director of the Economic Policy Department in the Bizone, effectively becoming the chief architect of West Germany's economic policy. This position allowed him to implement his free-market ideas.

Erhard succeeded Konrad Adenauer as Chancellor of West Germany. His chancellorship continued the economic policies of the 'social market economy' but faced challenges from a slowing economy and coalition tensions.

Erhard resigned as Chancellor after the Free Democratic Party (FDP) left his coalition government over budget disputes. His resignation marked the end of his political career and led to the formation of the Grand Coalition under Kiesinger.