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What is Marshall Plan definition/cocnept

The United States and the Soviet Union were two of the victorious nations of World War II and both established areas of strategic alliance across the planet. At the same time, the European continent was devastated and facing a deep economic crisis. Marshall Plan

In this context, the United States put into action an economic reconstruction plan aimed at the least favored countries after the war. The Marshall Plan was approved in 1948 by President Truman and led by George Marshall.

Benefits

Nations like Greece, Turkey, France, West Germany and Italy received advantageous financial loans from the coffers of the United States. At the same time, they activated other types of measures, such as investments , commercial advantages and improvements in the European industrial fabric.

With this strategy, he intended to enhance trade relations between the United States and Europe. In a complementary way, the big European companies committed themselves to negotiate with the North American companies. Marshall Plan

The Marshal Plan was basically composed of loans with very low interest , which allowed the beneficiary countries to face a new stage of global recovery, but above all economic.

The North American initiative was expressed in all sectors of the European economy . For example, the United States financed many factories, especially in the automotive sector (the Renault factories in France and Fiat in Italy stand out). The set of measures adopted was very positive for the beneficiary countries.

The other side of the Marshall Plan

The United States and the Soviet Union were the two great rival powers of the day. Each wanted to impose its own economic and social model: a capitalist and consumerist model on the part of the Americans and a model of centralized planning and state ownership of the means of production on the part of the Soviets. This means that the two nations distrusted each other: the USSR feared the expansion of capitalism and the United States observed that the seed of communism was beginning to sprout on the European continent. Marshall Plan

Consequently, the plan was also a political strategy to prevent the spread of communism.

Although Spain did not participate directly in World War II, it was in a deep economic crisis. However, it could not benefit from American aid because it was not at that time a democratic country. Thus, it is understood that the Marshall Plan also required some political requirements. Marshall Plan

Even today, the effectiveness of the US strategy in Europe is debated, but most historians agree on its fundamental role in the economic recovery of Western Europe.

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