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pishuonlain [190]
3 years ago
11

The __________Plan, named after a U.S. Secretary of State, provided massive sums of money in direct aid and loans to rebuild the

European economic base destroyed during World War II.
Social Studies
2 answers:
FrozenT [24]3 years ago
8 0

Answer:

the marshall plan

Explanation:

Zepler [3.9K]3 years ago
7 0

The correct answer is Marshall

Marshall Plan, or European Recovery Plan, was a US economic aid program for Western European countries after World War II. The aim of the plan was to economically rebuild those Western European countries that were destroyed or suffered losses as a result of the war.

The Marshall Plan received its name in honor of its creator George Catlett Marshall, a general of the American army, and totaled a contribution of 18 billion dollars to Europeans, used for the reconstruction of buildings and industries, import of food and industrialized goods, as well as in the financing of agriculture.

Some bodies were created to manage financial resources, such as the Administration of Economic Cooperation, by the USA, and the European Organization for Economic Cooperation (OECD).

The Marshall Plan was in force between 1947 and 1951, being the main reason for the rapid economic start of European countries. The main beneficiaries were England, France and Italy, among Europeans, and the USA, which managed to create institutions to strengthen the internationalization of capital in the second half of the 20th century.

Another objective of the Marshall Plan was to carry out massive propaganda against the USSR, to stabilize the political and social situation in Germany and to contain the advance of the power of communist parties in France and Italy. With the Soviet victory in World War II, the prestige of the USSR was on the rise, in addition to the Red Army troops being stationed in countries of central and eastern Europe.

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