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The Marshall Plan


- After World War II, America needed Allies against the Soviet Union as the Cold War became a reality. As a result, Secretary of State George Marshall declared America was going to help European nations rebuild its economy from the devastation left by the War. Although the Soviet Union promised self-determination of nations from Nazi rule, they never began the voting process and already placed a communist government in the "liberated" nations. The Soviet Union then began to threaten other nations. In order to combat the spread in Greece and Turkey, the United States sent 400 million dollars in aid. The United States gave a total of 12 billion dollars in grants and 1.5 billion dollars in loans to 16 other European countries, who were non-communist (such as Britain, France and West Germany).

Important People: Secretary of State George Marshall President Truman Joseph Stalin Nations: The United States The Soviet Union Dates - June 5th, 1947: Marshall Plan declared. April, 1948: Economic Cooperation Administration The outcome: It lead to the quick economic recovery of the 16 nations that received aid. The Soviet Union attempted a similar plan, but the limitations of the communist economy caused nations within the Soviet Union to receive comparatively less aid.



How this event influenced the Cold War as a whole As we watch the early Cold War, it allowed both America and the Soviets to gather its Allies which lasted through the Cold War. By America accelerating the recovery of the 16 European nations, it gave her allies for the years to come.

Bibliography

1. Marshall Plan (1947)." // American History // . ABC-CLIO, 2013. Web. 11 Apr. 2013.

2. Cole, Curtis. "Marshall Plan." // American History //. ABC-CLIO, 2013. Web. 11 Apr. 2013.

3. Wilson, Theodore A. "Marshall Plan." // World Book Advanced //. World Book, 2013. Web. 11 Apr. 2013.