massive program of aid from the United States to sixteen western and southern European countries aimed at helping economic renewal and strengthening democracy.
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When did it start?
It was started in 1948 and was officially known as the European Recovery Program, or ERP, but is more commonly known as the Marshall Plan, after the man who announced it, US Secretary of State George C. Marshall.
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Why was it needed?
The Second World War severely damaged the economies of Europe, leaving many in a parlous state: cities and factories had been bombed, transport links had been severed and agricultural production disrupted.
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Why the plan was offered
The US, afraid that communist groups would gain further power – the Cold War was emerging and Soviet domination of Europe seemed a real danger - and wishing to secure European markets, opted for a programme of aid.
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How much was given/
13 Billion in 4 years
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Other cards in this set
Card 2
Front
When did it start?
Back
It was started in 1948 and was officially known as the European Recovery Program, or ERP, but is more commonly known as the Marshall Plan, after the man who announced it, US Secretary of State George C. Marshall.
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