<u><em>The Marshall Plan of 1948 gave economic assistance to the European countries and was even responsible for the establishment of NATO by US block, which triggered the Cold war.
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Further Explanations:
It was an initiative of United State to provide economic aid to the Western countries after the Second World War. The assistance was provided so that they can rebuild their economies again. It was a four year plan executed on 3rd April, 1948. The main of the plan was to reconstruct the war damaged area and eradicate its trade barriers. It also aimed at modernizing the industries, improving European opulence and hindering communism
The Plan money was distributed among the member states on per capita basis. The re -establishment of industries was important for the revival of European economy, so a large amount of aid was given to them. Nations who were loyal to Allied nation received more aid than that was granted to those who were devotee of Axis Forces during the war. The largest legate of the aid was Britain who received 26% of total money followed by France and West Germany to receive 18% and 11 % respectively.
It can also be concluded as the large scale economic reviving Program.
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Answer Details:
Grade: High school
Subject: US History
Chapter: Marshall Plan
Keywords: United State, Second World War, trade, barriers, opulence, communism, Allied, Axis, Britain
, France, West Germany