Search results
Results from the WOW.Com Content Network
The Marshall Plan aid was mostly used for goods from the United States. The European nations had all but exhausted their foreign-exchange reserves during the war, and the Marshall Plan aid represented almost their sole means of importing goods from abroad. At the start of the plan, these imports were mainly much-needed staples such as food and ...
George C. Marshall. On 5 June 1947, George C. Marshall, at the time Secretary of State of the United States of America, gave an address at Harvard University in Cambridge, Massachusetts, where he proposed a plan to aid European recovery after the events of World War II, in the form of financial and economic assistance from the United States.
Clark Clifford had suggested to Truman that the plan be called the Truman Plan, but Truman immediately dismissed that idea and insisted that it be called the Marshall Plan. [94] [95] The Marshall Plan would help Europe rebuild and modernize its economy along American lines and open up new opportunities for international trade. Stalin ordered ...
After the Marshall Plan, the introduction of a new currency to Western Germany to replace the debased Reichsmark and massive electoral losses for communist parties in 1946, in June 1948, the Soviet Union cut off surface road access to Berlin.
The U.S. had encouraged decolonization throughout World War II, but the start of the Cold War changed priorities. The U.S. used the Marshall Plan to pressure the Dutch to grant independence to Indonesia under the leadership of the anti-Communist Sukarno, and the Dutch recognized Indonesia's
[1] [2] For U.S. foreign policy, it was the first U.S. military foreign aid legislation of the Cold War era, and initially to Europe. [3] The Act followed Truman's signing of the Economic Cooperation Act (the Marshall Plan), on April 3, 1948, which provided non-military, economic reconstruction and development aid to Europe.
The Cold War was a period of global geopolitical rivalry between the United States (US) and the Soviet Union (USSR) and their respective allies, the capitalist Western Bloc and communist Eastern Bloc, which lasted from 1947 until the dissolution of the Soviet Union in 1991.
Starting in the immediate post-World War II period, the group developed the containment policy of dealing with the Communist bloc during the Cold War. They also helped to craft institutions and initiatives such as NATO, the World Bank, and the Marshall Plan. An updated edition of the book was released in 2012. [1]