ipl-logo

What Was The Importance Of The Marshall Plan

724 Words3 Pages

HISTORY PROJECT ONE
COLD WAR

Research question:
What was the importance of the Marshall plan and how did it benefit eastern Europe?

Europe was devastated by years of conflict during World War II. Millions of people had been killed or wounded. Agricultural production had also been disrupted by war which. Europe remained ravaged by war and thus susceptible to exploitation by an internal and external Communist threat. The only major power in the world that was not significantly damaged was the United States.
The Marshall Plan (officially the European Recovery Program, ERP) was an American initiative to aid Western Europe, in which the United States gave $13 billion) in economic support to help rebuild Western European economies after the end of World War II.
The plan was proposed by US Secretary of State - George C. Marshall. During 1948 - 1951 years. Officially known as the European Recovery Program (ERP), the Marshall Plan was intended to rebuild the …show more content…

This cqn be clearly seen with the differences between both the photos. the first one is from 1947 just after world war ended and the second one is from 8 years later from 1955. Marshall Plan gave or lend $13 billion to 17 countries. The money was used to rebuild bridges, factories, railroads, hospitals and schools. The money provided to the European nations enabled them to restore their economies from the ravages of W W II. With unemployment decreasing, more money was spent on goods and services which aided the economy. The nations that owed the US money were able to start paying the debts down and the US began to sell products again to Europe. The Marshall Plan was very successful. The western European countries involved experienced a rise in their gross national products of 15 to 25% during this period. The plan contributed greatly to the rapid renewal of the western European chemical, engineering, and steel

Show More
Related
1367 Words | 6 Pages

This agenda was likely a direct response to the Cold War

Read More
687 Words | 3 Pages

The editorial cartoon in Document H provides a useful illustration of this point (see Document H). As Uncle Sam, the federal government, pours more public money into the machinery of war the main beneficiary would be economic recovery. According to Document B spending on military hardware and in the industrial sectors that produced weapons led to substantially higher prices, a sharp upturn in the stock markets, and greatly reduced unemployment (Document G). Public anxiety and fear in Western Europe and in the U.S. were fed by the prospect of yet another World War. Whether intended or not, this led to another measure supported by Democrats and Republicans that addressed one of the crises of a depression.

Read More
949 Words | 4 Pages

In the 1930’s a group of government programs and policies were established under President Franklin D. Roosevelt, they were created with the intention to help the American people during The Great Depression. The Great Depression was a time were many banks failed, many businesses and factories went bankrupt, and millions of Americans are out of work, homeless, and hungry. Most New Deal programs gave American citizens economic relief, chances for employment and helped for the general good. The New Deal’s intention was to help Americans during these troubling times filled with economic uncertainty, and in that aspect, it was a success. After the New Deal was implemented, unemployment rates were gradually lowered.

Read More
713 Words | 3 Pages

To give a different outlook, President Roosevelt’s New Deal failed to bring the Great Depression to an end. The unemployment rates remained stagnant, and the economy was never properly stimulated to secure the private business and the banking sectors. Due to the importance of private business and banks in a free enterprise economy, the Federal neglect caused the United States to lag behind other nations in unemployment rates. Similarities were seen in France, primarily due to their social and economic policies causing their levels of industrial production to be lackluster (Best

Read More
364 Words | 2 Pages

1. The New Deal was Roosevelt’s set of reforms to better the welfare of Americans. During this time, many Americans were relying on handouts from private charities due to the poor domestic economy. There was no government welfare system that dealt with helping out the people since the president prior to Roosevelt, Hoover, believed a welfare state was bad for America.

Read More
874 Words | 4 Pages

President Dwight Eisenhower was a decorated war veteran in world war 2 before he became president of the United States. In January of 1953 president Eisenhower gave his first inaugural address to the citizens of the United States. Two foreign and two domestic policies will be analyzed in this paper. The policies were talked about in the inaugural address. This will show president Eisenhower's policy plans for his first four years in office.

Read More
424 Words | 2 Pages

Now that Russia dropped out, all the German troops moved toward the Western front. This was a big blow to the Allies. If it weren 't for the U.S, the Allies would 've probably lost the war. We gained a lot of technical knowledge and income from our participation.

Read More
589 Words | 3 Pages

The Domestic Marshall Plan helped education, housing, training programs, and health services. Young taught at many Universities. He also hold many degrees. Young is a prominent figure in the social work profession. He fought for equal rights for African Americans with

Read More
722 Words | 3 Pages

Homework 7 Gaven D. Crosby Pennsylvania College of Technology Homework 7 This paper will discuss the way that the Mississippi River, and the New Deal have affected emergency management. The Mississippi River is a river that floods quite often, almost every year. The lower portion floods more than the upper portions, and affects more people. This is due to the terrain of the areas surrounding the lower Mississippi.

Read More
1743 Words | 7 Pages

It was Western Europe that was fundamentally important for US national security. The United Kingdom and a number of other European countries have taken active foreign policy steps to intensify US European policy. Europe needed economic assistance and military support. However, such a policy of Europe found understanding within the United States, which resulted in the Truman Doctrine and the Marshall Plan. The Marshall Plan, according to many researchers, is a practical embodiment of the Truman Doctrine.

Read More
833 Words | 4 Pages

The Dawes Plan had provided Germany large loans to cover their deficit. This over-reliance on international loans undermined Germany’s economy significantly. It was dependent on foreign powers rather than self-preservation which had implications. These implications had led to another financial crisis for these were short term loans that could be demanded to be paid back instantly. Additionally, according to statistics exports rose by 40% in 1925-9.

Read More
725 Words | 3 Pages

The Soviet Union began demanding adjustments to its relations and control over Turkey, as well as Iran. Though Stalin backed down at the threat of U.S. Naval forces, his actions led to the containment policy. This policy is used to prevent the spread of communism. Later, in 1947, the United States took over the responsibility of providing economic aid to Turkey and Greece and announced that they would be helping the nations affected by Communism. The Marshall Plan was put into effect later that year and it offered reconstruction aid to much of Europe.

Read More
1083 Words | 5 Pages

But it also made her more vigilant in remodeling its policies. In general, the recovery of the U.S. economy took about 20 years, finally managing to restore itself in the 1950s. This is credited to the Second World War. Thus, the Great Depression not only led to the war, but was also cured by this war, as paradoxical as it was from a historical and economic point of

Read More
1149 Words | 5 Pages

Shortly after, WWII came around and it pulled the economy back up by providing jobs for people. Not only did it provide jobs, but it also changed the way people lived and the ideas of consumerism. People now had more money to spend on things they wanted, rather than barely being able to afford necessities. The transformation of American society after WWII can be seen through suburbanization, the GI Bill, the automobile, effects of consumerism on society

Read More
1830 Words | 8 Pages

How far was the New Deal a turning point in US history? The New Deal was made in response to a set of policies by Franklin Delano Roosevelt (FDR) to combat issues caused by the global financial meltdown of 1929, initiated by the Wall Street Crash. This decade long historic financial downturn has been identified as the Great Depression (1929-1939). The New Deal focused on what people refer to as the ‘three R’s’:

Read More

More about What Was The Importance Of The Marshall Plan

Related Topics

Open Document