Marshall Plan
The recovery of the U.S. economy following the Great Depression was primarily driven by a combination of New Deal policies implemented by President Franklin D. Roosevelt, which aimed to provide relief, recovery, and reform. These initiatives helped stabilize the banking system, create jobs through public works programs, and stimulate demand. Additionally, the onset of World War II significantly boosted industrial production and employment, further propelling economic recovery. Together, these factors laid the groundwork for a more resilient economy in the post-war era.
Marshall Plan.
China helped Japan alot after World War 2 they helped the economy a ton after the war and it made japan able to bounce back so quickly
It was also known as The European Recovery Programme, a plan for American aid and economic support to rebuild Europe after the second World War
Marshall Plan
Your Answer: Postwar Economic Recovery
The country with the largest economy in Europe (and 4th largest in the world) belongs to Germany. However, the truly largest economy in Europe (and of the world) belongs to the European Union.
The Marshal Plan also known as the European Recovery Program (ERP) was an American program that gave aid to Europe where the United States gave support to help rebuild the European economy After World War 2 to prevent the spread of Soviet communism.
As a whole, yes, Europe's economy is much larger than the US's. Europe collectively has the larger economy in the world.
Belarus has the fastest growing economy in Europe, and the 27th in the world.
World War 2 destroyed the economy of Europe. The Marshall Plan was setup in order to help rebuild Europe.
Western Europe made a quick recovery because of what Hitler did at the Holocaust. Most of western Europe was against Hitler, and helped save the jews. In respect for all of the countries that helped get rid of hitler, the jews started a repay fund to repay all of those countries and help build back anything that was destroyed. Sources: I'm a history major
USA
Europe had enormous capital and industries which allowed it to dominate the world economy by the beginning of the twentieth century. It was also superior militarily.
Europe had enormous capital and industries which allowed it to dominate the world economy by the beginning of the twentieth century. It was also superior militarily.
Creating more industries was what ultimately led to recovery of the US economy following the Great Depression. This meant that there was a high production capacity with millions of people working.