Hacker News new | ask | show | jobs
by 35208654 1153 days ago
They were able to rebuild… because the US funded it.

The Marshall Plan, also known as the European Recovery Program, was a U.S. program providing aid to Western Europe following the devastation of World War II. It was enacted in 1948 and provided more than $15 billion to help finance rebuilding efforts on the continent.

That’s about $187B in 2022 dollars. In addition to technology and trade.

… followed shortly after Breton Woods, which secured trade for the rest of the world in exchange for not joining up with the Soviets.