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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was becoming a problem not of outlets, but of consumption of profits without compensation
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was geared to producing the means of production
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was a means of World domination
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tends towards a raising of the standard of living worldwide.
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Detailed explanation-1: -Marshall, for whom it was named, it was crafted as a four-year plan to reconstruct cities, industries and infrastructure heavily damaged during the war and to remove trade barriers between European neighbors-as well as foster commerce between those countries and the United States.
Detailed explanation-2: -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.
Detailed explanation-3: -The Marshall Plan was very successful. The western European countries involved experienced a rise in their gross national products of 15 to 25 percent during this period. The plan contributed greatly to the rapid renewal of the western European chemical, engineering, and steel industries.
Detailed explanation-4: -The Marshall Plan, widely regarded as a singular success, is invoked whenever policy makers contemplate large-scale foreign aid. Over the four years from 1948 through 1951, the United States transferred $13 billion (roughly $115 billion at current prices) to the war-torn nations of Europe under the plan.