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by jollybean
1795 days ago
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"countries should have done on their own decades ago without requiring money from somewhere else." You mean like Western European aid and investment from the US for reconstruction after the war? Or the fact that most these countries were still under military occupation and 'should have done it' while the USSR was extracting their wealth? Germans killed millions of Poles in living memory a few roads and bridges are owed. |
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Yes, exactly:
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The Marshall Plan (officially the European Recovery Program, ERP) was an American initiative passed in 1948 for foreign aid to Western Europe. The United States transferred over $13 billion (equivalent of about $114 billion[1] in 2020[2]) in economic recovery programs to Western European economies after the end of World War II. Replacing an earlier proposal for a Morgenthau Plan, it operated for four years beginning on April 3, 1948.[3] The goals of the United States were to rebuild war-torn regions, remove trade barriers, modernize industry, improve European prosperity, and prevent the spread of communism.[4] The Marshall Plan required a reduction of interstate barriers, a dropping of many regulations, and encouraged an increase in productivity, as well as the adoption of modern business procedures.[5]
"""