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What was the Marshall Plan, and what did it accomplish?

User Flordeliz
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2 Answers

28 votes
28 votes

Answer:

American plan to help restore Western Europe following WW2. It provided over $13 billion in economic recovery programs to these economies, and hence, was largely successful.

Comment if you need any specifics, but I hope this is helpful.

User NumeroUno
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6 votes
6 votes

Answer:

Efforts to implement the Plan were coordinated between the United States and Europe, as well as among European countries working cooperatively. A financial proposal, as well as a plan of action committing Europe to take measures toward resolving its economic issues, were required by the United States before the development of an assistance program could be developed. The Truman Administration and the Congress collaborated on the development of the European Recovery Program, which ended up providing over $13.3 billion in assistance to 16 countries in the European Union.

Step-by-step explanation:

Many observers believe there are lessons to be gained from the initiative that can be applied to current foreign aid programs. However, the Plan's replicability is debatable. Contrary to popular belief, the huge contrasts in economic systems and environmental burdens left by communist governments, among other aspects, distinguish 1947 Europe from the present. An endeavor comparable to the original would cost $88 billion in current dollars.

User Justin John
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