it saved Europe It ensured the USA would be the richest and most powerful country in the world and the UK would see the end of their reign and wealth. 10 years after WWII the UK continued to ration some foods and items. The debt to the USA was finally paid off in 2006. It doesn't feel like a SPECIAL relationship to me! West Germany was formed
The Marshall Plan.
The Marshall Plan was a program to aid Europe in which the United States gave economic support to help rebuild the European economies after the end of World War II. The US initiated the Marshall Plan to give aid.
The total cost of the Marshall Plan including American grants and loans to the world from 1945--53, came to $44.3 billion. This amount includes aid to Asian countries such as India, Pakistan, South Korea, Taiwan, Indonesia, and the Philippines in 1953. Also another $282 million went to the Middle East and Israel that was not part of the Marshall Plan.
To meet this emergency, Secretary of State George Marshall proposed in a speech at Harvard University on June 5, 1947, that European nations create a plan for their economic reconstruction and that the United States provide economic assistance.
it was successful since it prevented the spread of communism in western Europe.It made the western European countries to regain their faith on capitalism which was nearly lost and also It secured markets for the massive American industrial products which were nearly dumped due to lack of market.Through the Marshall plan US became the leading capitalist power filling the vacuum left by Britain due to its fall.
The Marshall Plan was, indeed a loan. No, the Marshall plan was not a loan. It was aid. There were loans made but they were not part of the Marshall Plan itself.
who did not accept the marshall plan
The Marshal Plan was instituted on July 12, 1947.
Marshall Plan
George C. Marshall
Marshall- JS
That is one of the side effects.
I have attached a link that explains the Marshall Plan well. See the link below.
marshall plan
Soviet Bloc nations did not receive any economic aid.
the Marshall Plan
Marshall Plan Marshall Plan