Question

Why did western european economies grow faster than eastern european economies after world war 2

Answer 1

Answer:

Explanation:

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WESTERN ECONOMY

Part of the reason why the western economy was booming is because of America who had given money to the western countries and even allowed eastern countries to get some economic aid but were not allowed to due to the Soviet watching them like a hawk. I think it is known as the Marshall plan. Also, capitalism is another reason for the Western's economy as capitalism allows economic freedom, consumer choice, and economic growth.

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EASTERN ECONOMY

Firstly, part of the reason why the eastern economy was not doing very well is due to them following the communist ideology where there are no social classes like upper and lower classes. This seemed like a very great idea on paper but in reality, it did not allow the Soviet economy to flourish as much as the communist. I also believe that it is also partly due to people escaping to the Western countries (like Allied-controlled Germany) as their country seemed well off compared to war-torn Soviet-controlled Germany.

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