Asked by: Gurutz Minovitskybusiness and finance financial crisis
What was the main reason for the Marshall Plan?
Last Updated: 6th January, 2020
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Thereof, what was the major purpose of the Marshall Plan?
Marshall spoke of an urgent need to help the European recovery in his address at Harvard University in June 1947. The purpose of the Marshall Plan was to aid in the economic recovery of nations after World War II and to reduce the influence of Communist parties within them.
Also Know, what problem did the Marshall Plan help solve? In his speech, George Marshall was very clear that the “breakdown of the business structure of Europe during the war” was the problem that aid most needed to solve: “Our policy is directed not against any country or doctrine but against hunger, poverty, desperation, and chaos.
Additionally, why the Marshall Plan was successful?
The Marshall Plan was very successful. The western European countries involved experienced a rise in their gross national products of 15 to 25 percent during this period. The plan contributed greatly to the rapid renewal of the western European chemical, engineering, and steel industries.
Did Britain benefit from the Marshall Plan?
Britain actually received more than a third more Marshall Aid than West Germany - $2.7 billion as against $1.7 billion. The truth is that the post-war Labour Government, advised by its resident economic pundits, freely chose not to make industrial modernisation the central theme in her use of Marshall Aid.