The Marshall Plan

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The Truman Doctrine was seen in what relation to the Marshall Plan?
The economic counterpart, or 'two halves f the same walnut'
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How much did the US give to the European states to rebuild their economies over 5 years?
Over 5 years, $13.5 billion paid out to 16 countries through the Organisation of European Economic Co-operation
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What was the disadvantage of the Marshall Plan?
Aid was given in cash and goods, some of which controlled by the US (OEEC asked for 67,000 tractors but got half as American farmers didn't want too much competition)
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Why did only 16 countries accept the Marshall Plan?
Russia wouldn't accept it or let it's allies to accept it - in return for aid recipients had to share information with the US about resources
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How did the Marshall Plan help prevent the spread of communism?
The Americans believed communism could spread among the poor, so strengthening countrie's economies where communists governments were strong would help prevent their influence
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How did the Marshall Plan affect the US economy?
After WW2, Americans were afraid of being left out of European trade and return to a depression - a condition of receiving aid was that a certain % would be spent on American goods, US economy boomed, European states increased production rate & trade
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How did the USSR retaliate to the Marshall Plan?
They responded with Cominform, though couldn't afford to give much to their allies - a propaganda effort rather than substantial aid
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What is another name for the Marshall Plan?
European Recovery Programme
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Card 2

Front

How much did the US give to the European states to rebuild their economies over 5 years?

Back

Over 5 years, $13.5 billion paid out to 16 countries through the Organisation of European Economic Co-operation

Card 3

Front

What was the disadvantage of the Marshall Plan?

Back

Preview of the front of card 3

Card 4

Front

Why did only 16 countries accept the Marshall Plan?

Back

Preview of the front of card 4

Card 5

Front

How did the Marshall Plan help prevent the spread of communism?

Back

Preview of the front of card 5
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