A sign in the Ruhr area of Germany advertising the presnece of The Marshall Plan in rebuilding. The Marshall Plan was a very ambitious financial aid program proposed by US Secretary of State George Marshall. He understood that a destroyed and prostrate Europe had to have financial help if it were to recover and to remove the threat of communist insurgency. The aid was given not lent and each country decided on how it would use the funds. In the three years of the program the US gave Europe $13 billion, a colossal sum worth $175 billion at todays values. This far-seeing and generous plan was a
A sign in the Ruhr area of Germany advertising the presnece of The Marshall Plan in rebuilding. The Marshall Plan was a very ambitious financial aid program proposed by US Secretary of State George Marshall. He understood that a destroyed and prostrate Europe had to have financial help if it were to recover and to remove the threat of communist insurgency. The aid was given not lent and each country decided on how it would use the funds. In the three years of the program the US gave Europe $13 billion, a colossal sum worth $175 billion at todays values. This far-seeing and generous plan was a major factor in restarting the rebuilding of the European economy into its current robust health.
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Photo credit: © CBW / Alamy / Afripics
License: Licensed
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Keywords: 2, aid, america, american, erp, europe, european, finance, germany, ii, integration, marshall, plan, post, post-war, postwar, program, rebuilding, reconstruction, recovery, ruhr, usa, war, world, ww, ww2, wwii
