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What problem did the Marshall Plan help solve?
The Marshall Plan (European Recovery Plan) solved a so-called marketing crisis in Europe by encouraging financial stability, which solved the problem of shortages due to repressed inflation. The plan was a large-scale American program to aid Europe where the US gave monetary support to help rebuild European economies after the end of World War II.
What did the Marshall plan provide to European countries?
The Marshall Plan (officially the European Recovery Program, ERP) was the large-scale American program to aid Europe where the United States gave monetary support to help rebuild European economies after the end of World War II in order to prevent the spread of Soviet communism. [1] The plan was in operation for four years beginning in April 1948. The goals of the United States were to rebuild a war-devastated region, remove trade barriers, modernize industry, and make Europe prosperous again. The initiative was named after Secretary of State George Marshall. The plan had bipartisan support in Washington, where the Republicans controlled Congress and the Democrats controlled the White House. The Plan was largely the creation of State Department officials, especially William L. Clayton and George F. Kennan. Marshall spoke of urgent need to help the European recovery in his address at Harvard University in June 1947.
Which country would have been most likely to receive assistance through the marshall plan?
The US gave over $12 Billion to rebuild western Europe after WWII. Austria, Belgium, Denmark, France, Greece, Iceland, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Sweden, Switzerland, Turkey, the United Kingdom, and western Germany were eligible. In general, the countries that aligned with the Axis powers, including Spain, were not invited.
What was the Molotov Plan?
The Molotov Plan was the system created by the Soviet Union in 1947 in order to provide aid to rebuild the countries in Eastern Europe that were politically and economically aligned to the Soviet Union. It can be seen to be the USSR's version of the Marshall Plan, which for political reasons the Eastern European countries would not be able to join without leaving the Soviet sphere of influence. Soviet foreign minister Vyacheslav Molotov rejected the Marshall Plan (1947), proposing the Molotov Plan - the Soviet-sponsored economic grouping which was eventually expanded to become the COMECON.The plan was a system of bilateral trade agreements which also established COMECON to create an economic alliance of socialist countries.[3] This aid allowed countries in Europe to stop relying on American aid, and therefore allowed Molotov Plan states to reorganize their trade to the USSR instead.Apex- The Soviet plan for giving aid to Eastern Europe.
What was the attempt to aid European countries after world war 2?
Following WWII, most European countries were completely destroyed, economically, industrially and agriculturally. In fear of many European nations falling prey to communism, the United States set up the Truman Doctrine on 12 March, 1947, which allocated $400 million to Greece and Turkey in military and economic aid. Due to the success of the Doctrine, the Marshall Plan was created in June of 1948. The Marshall Plan was direct economic aid for any democratic European nation who needed it. At its end in 1951, the Marshall Plan cost the United States over $13 billion.
