Word: volkskapitalisten
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Dates: during 1950-1959
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...part of the success was due to the government's happy idea of "Volkskapitalisten" (people's capitalists), and spreading the stock among as many people as possible. Purchasers were limited to five shares apiece; only those with incomes of less than $3,810 a year could subscribe. By tempting the purses of middle-class citizens, the government hopes both to keep them from socialism and to tap the $9.3 billion West Germans have locked up in small savings accounts. The next issue will probably be the giant Viag heavy-industry holding company (coal, aluminum, steel, copper, electric power...
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