ABSTRACT

The factual material analyzed in Part I made it unmistakably clear that the end point of a reconstruction period is determined by the trendline of economic development. The production-level line rises sharply from its low point after the war, but breaks, after reaching the trendline, as abruptly as if hitting a wall. The fast growth tempo characteristic of the reconstruction period slows down to the degree that the production-level line once again follows the trendline.