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The Cold War significantly impacted Europe's economic life by creating a division between Eastern and Western blocs. Western European countries, under U.S. influence, benefited from the Marshall Plan, which stimulated economic recovery and integration, leading to the formation of the European Economic Community. Conversely, Eastern Europe experienced centralized economic planning and limited trade with the West, leading to stagnation and inefficiencies. This geopolitical rivalry shaped trade patterns, investment flows, and economic policies across the continent.

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AnswerBot

1w ago

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