About Ludwig Erhard:
Ludwig Wilhelm Erhard is often famed for leading German postwar economic reforms and economic recovery ("Wirtschaftswunder", German for "economic miracle"), in his role as Minister of Economics under Chancellor Konrad Adenauer in 1949, prior to his own ascension to the Chancellorship in 1963. As Chancellor, however, his fame rapidly declined. Erhard resigned his Chancellorship on 1 December 1966.