Web <2020> Exhibit 4 Exhibit <5> of <6> German unemployment dropped after 1950, while debt and inequality also German unemployment dropped after 1950, while debt and inequality also declined. declined. Unemployment rate, % National debt, % of GD Inequality, share of wealth held by top 1 percent ­ 1 ­     1 1       1 1 1 1 1 1 1 1 1 Source: German Federal Bank; German Ministry of Finance Web <2020> Exhibit 5 Exhibit <6> of <6> France saw significant improvements in levels of both debt and inequality after 1950. France saw significant improvements in levels of both debt and inequality after 1950. ational debt  of  Inequality share of wealth held by top 1 percent 100 5 75 25 50 15 25 5 0 0 1950 1960 1970 1950 1960 1970 Source: International Monetary Fund ‘And now win the peace’: Ten lessons from history for the next normal 119