What does GDR mean in history?
What does GDR mean in history?
(history) Initialism of German Democratic Republic (“East Germany”).
What does GDR and FRG mean?
The German Democratic Republic, or GDR, also simply known as East Germany, was founded as a second German state on October 7, 1949 — four years after the end of World War II. The Federal Republic of Germany (FRG), or more commonly known as West Germany, was founded just four months prior.
What were the aims of the GDR?
The plan called to strengthen the state-owned sector of the economy. Further goals were to implement the principles of uniform socialist planning and to use the economic laws of socialism systematically.
What is GDR Cold War?
As a response to the foundation of the Federal Republic of Germany (FRG) in Bonn, in October 1949 the USSR encouraged the proclamation of the German Democratic Republic (GDR) in Berlin. East Berlin became the capital of the GDR.
What is GDR and ADR?
ADR stands for American Depository Receipts while GDR is Global Depository Receipts. Depository Receipt is a type of negotiable (transferable) financial security that is traded on a local stock exchange but represents a security (usually equity) that is issued by a foreign publicly listed company.
What is GDR and IDR?
A Global Depository Receipt (GDR), also known as international depository receipt (IDR), is a certificate issued by a depository bank, which purchases shares of foreign companies and deposits it on the account. GDR is an important concept in the Indian Economy segment of the IAS Exam.
When was the GDR formed?
October 7, 1949East Germany / Founded
The Soviets then oversaw the creation of the German Democratic Republic (GDR, commonly known as East Germany) out of their zone of occupation on October 7, 1949.
What does FRG stand for Germany?
On 23 May 1949, the Federal Republic of Germany (FRG) was founded on the grounds of the Western occupational zones. The abbreviation FRG has been used particularly during the German partition in order to differentiate the FRG from the second German state, the German Democratic Republic (GDR).
What was the social contract GDR?
The Social Contract: SED supported social and welfare programmes to provide a satisfactory standard of living. AS the economy developed, standards should’ve too. Honecker had spoken of the connection between the economy and social policy was to ensure no one got left behind as society developed.
Why was GDR created?
The Soviets responded by forming the German Democratic Republic (GDR) to govern their occupation zone. The United States refused to recognize the GDR until 1974.
Why was the GDR created?
What is GDR Wikipedia?
A global depository receipt (GDR and sometimes spelled depositary) is a general name for a depositary receipt where a certificate issued by a depository bank, which purchases shares of foreign companies, creates a security on a local exchange backed by those shares.
What is GDR and its features?
GDR is an instrument issued abroad by a company to raise funds in some foreign currencies and is listed and traded on a foreign stock exchange. Process of Issuing GDRs. There are four steps in the process of issuing GDRs as follows.
What is ADR and GDR Upsc?
Answer: An American depositary receipt (ADR) is a GDR issued by a foreign business that is only traded on American exchanges. A GDR would entail multiple international market listings.
In what year did the German Democratic Republic GDR and the Federal Republic of Germany FRG unify what kind of government was formed?
German reunification (German: Deutsche Wiedervereinigung) was the process in 1990 by which the German Democratic Republic (GDR; German: Deutsche Demokratische Republik, DDR) became part of the Federal Republic of Germany (FRG; German: Bundesrepublik Deutschland, BRD) to form the reunited country of Germany.
When was GDR created?
October 7, 1949East Germany / Founded
Was the GDR democratic?
The German Democratic Republic (GDR), or Communist East Germany, ceased to exist at midnight on 3 October 1990. It was neither democratic, nor was it a republic. It was a dictatorship in which there were no free elections, no division of powers, and no freedom of movement.
Was the GDR a democracy?
The German Democratic Republic (GDR; German: Deutsche Demokratische Republik (DDR), commonly known in English as East Germany) was created as a socialist republic on 7 October 1949 and began to institute a government based on the government of the Soviet Union during the Stalin era.