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292:. Foreign trade and monetary transactions were carried out by the Allied Joint Export-Import Agency (JEIA). Due to the fact that the Economic Council was restricted in its legislative scope and also not a representative assembly elected by the plebiscite, the bizonal institution was often ill-regarded as quasi-parliament. Nevertheless, this first German parliament after World War II was a central prerequisite for Germany’s political and
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in the Bizone gathered in
Frankfurt am Main; on 9 August, the law for the reorganisation of the bizonal economic agencies was passed. Soon afterwards, however, the constructional flaws of the Economic Council as a whole came to the fore requiring the reorganisation of the bizonal administration. On 9
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as first post-war parliament. In particular the latter was granted legislative and budgetary competence to facilitate the solution of pressing economic problems and the reconstruction of economic life. On 25 June 1947, the 52 delegates elected in an indirect ballot of one delegate per 750,000
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and marked an important step towards German political and economic self-determination. Henceforth, German political parties were given the opportunity actively to conduct an economic policy and to affect the definition of an emerging economic model for post-war West
Germany.
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While the
Economic Council was a decisive platform for the political debate and factual implementation of any emerging economic concept, the parliament’s resolutions and acts remained subject to the authorisation by the
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Glossner, C. L., The Making of the German Post-War
Economy – Political Communication and Public Reception of the Social Market Economy after World War II, London, 2010.
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signed the ‘Agreement for
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defining the changes to the
Economic Council came into effect. These were the renaming of the Executive Committee as
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pushed for organisational improvements in the Anglo-American
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