Treuhandanstalt

Treuhandanstalt was a German government agency established in 1990 to privatize and restructure the East German economy after reunification. Its primary role was to sell state-owned industries and assets to private investors, helping transition from a socialist to a market economy. The agency managed thousands of enterprises, often leading to significant job losses but also facilitating rapid economic integration of East Germany into the broader German and European markets. Treuhand's work remains a notable chapter in Germany’s post-reunification history, illustrating the complexities of economic reform during major political change.