19 minutes ago74 years from entering the Marshall Plan into effect
Periskopi(4 years ago)
(4 years ago)The Marshall Plan, also known as the European Recovery Programme, was a US programme that offered assistance to Western Europe after the end of World War II. It was approved on April 3, 1948, and provided more than $15 billion to help finance reconstruction efforts in [...]
The Marshall Plan, also known as the European Recovery Programme, was a US programme that offered assistance to Western Europe after the end of World War II.
It was approved on April 3, 1948, and provided more than $15 billion to help finance reconstruction efforts on the continent.
US Secretary of State George C. Marshall, for whom he was appointed, was drafted as a four-year plan to rebuild heavily damaged cities, industries and infrastructure during the war and remove trade barriers between European neighbours, as well as boosting trade between these countries and the United States.
In addition to economic reconstruction, one of the stated objectives of the Marshall Plan was to stop the spread of communism on the European continent.
The Marshall Plan has been cited as the beginning of the Cold War between the United States and its European allies and the Soviet Union, which had effectively taken control of most of Central and Eastern Europe and established its satellite republics as communist nations. /KlanKososova
The Marshall Plan is also seen as a key catalyst for the formation of the North Atlantic Treaty Organisation (NATO), a military alliance between North American and European countries founded in 1949.
