The Marshall Plan

THE MARSHALL PLAN By the end of World War II much of Europe was deva fixd. The regions economic organise was ruined and the devastation to agriculture left millions starving and homeless. During the war, bloc powers targeted the transportation infrastructure, leaving railways, bridges, and roads in a state of severe disrepair. Much of the civilian merchant shipping fabrication had also suffered severe damage. Due to the economic strain located on the European countries during the war, many had exhausted their treasuries. If not for The unite States assist in the form of the lend-lease program during wartime efforts, this damage would have been much worse and the impression may have been different. The United States however, did not suffer the aforesaid(prenominal) severity of destruction on its own territory. Consequently its monumental agriculture and manufacturing base was still intact. For these reasons, The United States saw it necessity to offer goods, services, and monies to any European or Asian country, be it an Allied or Axis power. The U.S. continued providing aid later on the war was over. Between 1945 and 1948, the U.S. sent $12 billion in aid to European Nations. The worlds major economies were crumbling and the U.S. cognize the global impact. General George C.

marsh entirely introduced a recovery aim in 1947, the European Recovery Plan or ERP. This plan, which later became known as the Marshall Plan, was the primary program for rebuild and creating a stronger economic foundation for the countries of Western Europe during the post-war era, 1948-1952. The Marshall Plan provided an additional $13 billion in aid to European nations. Post-war relief from the U.S. totaled $25 billion. With a gross domestic product of $258 billion, U.S. post-war investment in foreign countries totaled 10% of its GDP. For all Marshall Plan participants, the economic output was 35% high in 1951 than the 1938 pre-war era. Poverty and starvation disappeared and Western Europe began deuce decades of growth in... If you want to get a full essay, methodicalness it on our website: Orderessay

Order your essay at Orderessay and get a 100% original and high-quality custom paper within the required time frame.