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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As long as they remained anti-communist, nations would receive aid to rebuild from the US
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As long as they remained communist, nations would receive aid to rebuild from the US
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Either A or B
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None of the above
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Detailed explanation-1: -This aid provided much needed capital and materials that enabled Europeans to rebuild the continent’s economy. For the United States, the Marshall Plan provided markets for American goods, created reliable trading partners, and supported the development of stable democratic governments in Western Europe.
Detailed explanation-2: -European Recovery Program assistance is said to have contributed to more positive morale in Europe and to political and economic stability, which helped diminish the strength of domestic communist parties. The U.S. political and economic role in Europe was enhanced and U.S. trade with Europe boosted.
Detailed explanation-3: -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-4: -In June 1947, in accordance with the Truman Doctrine, the United States enacted the Marshall Plan. This was a pledge of economic assistance for all European countries willing to participate, including the Soviet Union, who refused and created their own Molotov plan for the Eastern Bloc.