Hindsight suggests that this change may have been too rapid. At the end of World War II, Austria was a changed society. Despite temporary occupation by the Allies, Austrians formed a new democratic government and made new policies. Another was a pledge never to let anything like the Holocaust happen again. They also made terrific economic strides.
Inflation is low.
Trade with Germany is strong. As is investment in new East European democracies. One of Austria's biggest challenges still lies ahead. History Today . Learning Enrichment, Inc., on-line .