POST WAR WORLD 1946 1959
THE MARSHALL PLAN
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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$20 million
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$100 million
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$1 billion
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$2 billion
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$13 billion
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Detailed explanation-1: -The Marshall Plan, also known as the European Recovery Program, was a U.S. program providing aid to Western Europe following the devastation of World War II. It was enacted in 1948 and provided more than $15 billion to help finance rebuilding efforts on the continent.
Detailed explanation-2: -Congress overwhelmingly passed the Economic Cooperation Act of 1948, and on April 3, 1948, President Truman signed the act that became known as the Marshall Plan. Over the next four years, Congress appropriated $13.3 billion for European recovery.
Detailed explanation-3: -The Marshall Plan was a U.S.-sponsored program designed to rehabilitate the economies of 17 western and southern European countries in order to create stable conditions in which democratic institutions could survive in the aftermath of World War II. It was formally called the European Recovery Program.
Detailed explanation-4: -The Marshall Plan generated a resurgence of European industrialization and brought extensive investment into the region. It was also a stimulant to the U.S. economy by establishing markets for American goods.