MARSHALL PLAN: CONCLUSIONS
MARSHALL PLAN: CONCLUSIONS
Author(s): Maria BolocanSubject(s): Economic history, Political history, WW II and following years (1940 - 1949), Post-War period (1950 - 1989)
Published by: Ovidius University Press
Keywords: Marshall Plan; United States; European economy; Western European states; Co-operation Administration for Europe;
Summary/Abstract: The Marshall Plan was not the only factor that influenced the European economic recovery. There were direct correlations between the amount of financial aid received from the United States and the different speed of economic recovery in the Marshall Plan beneficiaries. For example, France and the United Kingdom have received a much higher aid per inhabitant than West Germany, which has progressed faster than any other state. The Marshall Plan funds were guided by the Co-operation Administration for Europe in co-operation with the Court of Accounts, which contributed to financial and economic recovery in a very unstable and difficult time for Western Europe. The plan provided for these states money, food, fuel, machinery and all this at a time when the economies of Western European states were low.
Journal: Revista Română de Studii Eurasiatice
- Issue Year: 14/2018
- Issue No: 1-2
- Page Range: 119-130
- Page Count: 12
- Language: English