Marshall Plan Sandy and remmie

What it is

The Marshall Plan, also known as the European Recovery Program, channeled over $13 billion to finance the economic recovery of Europe between 1948 and 1951. The Marshall Plan successfully sparked economic recovery, meeting its objective of ‘restoring the confidence of the European people in the economic future of their own countries and of Europe as a whole.’ The plan is named for Secretary of State George C. Marshall, who announced it in a commencement speech at Harvard University on June 5, 1947. They have argued that the export of dollars to Europe kept the United States from backsliding into depression by providing a market for U.S. capital goods. The Marshall Plan, according to revisionists, allowed the United States to remake the European economy in the image of the American economy.

Significance

  1. The plan promoted European economic integration and federalism, and created a mixture of public organization of the private economy similar to that in the domestic economy of the United States.
  2. This reorganization of the European economy provided a more congenial environment for American investment.
  3. America was afraid of Communism and the plan prevented the spread of it

Present in the cold war

The Marshall Plan was a federal rescue plan developed to allow the United States to assist European nations on both sides of the war in rebuilding damaged industry and infrastructure in the wake of World War II

Why it should be at the top of the list

The Marshall plan should be at the top of the list because it was a successful plan. It successfully stopped the spread of communism and benefited America economically. The economic and political instability gave rise to communist revolutions and this plan stopped the spread of communism by allowing Europe to decide which political stand point they wish to be on as America influenced their stance.The Marshall Plan was very successful. The western European countries involved experienced a rise in their gross national products of 15 to 25% during this period. The plan contributed greatly to the rapid renewal of the western European chemical, engineering, and steel industries. It was also a stimulant to the U.S. economy by establishing markets for American goods. Without this plan communism would have spread and Europe would not have integrated. Therefore, America would have had a quick post war economic depression. The plan allowed our markets to grow into Europe and trade to prosper, benefiting us economically.

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