COLD WAR ERA
IMPACT OF COLD WAR
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It provided military assistance to Vietnam
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It provided government housing to refugees
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It provided funds for economic recovery in war-torn European nations
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It provided nuclear weapons to North Atlantic Treaty Organization (NATO) members
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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: -Political Legacy of the Marshall Plan The CIA used these funds to establish “front” businesses in several European countries that were designed to further U.S. interests in the region. The agency also allegedly financed an anti-communist insurgency in Ukraine, which at the time was a Soviet satellite state.
Detailed explanation-3: -It provided the Europeans with currency to buy US goods; it allowed rapid recovery and it provided a bulwark against the Communist parties of western Europe. The plan provided the conditions for rapid recovery, for both winners like Britain, and losers: Germany Italy and Japan.
Detailed explanation-4: -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.
Detailed explanation-5: -Historians have generally agreed that the Marshall Plan contributed to reviving the Western European economies by controlling inflation, reviving trade and restoring production. It also helped rebuild infrastructure through the local currency counterpart funds.