Marshall Plan

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5 Terms

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Who:
George C Marshall
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What:
Goal was to support projects that were likely to contribute to lasting economic growth in west Europe. Projects that reduced trade and investment barriers between countries and that increased productivity in industry and agriculture.
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Where:
US, West Europe, LA
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When:
April 1948
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Significance:
* by late 1951 the US contributed more than 13 billion dollars to european economic recovery
* re-enforced that americans were generous
* lifted european spirits
* helped diminish communist influence
* LA asked for same plan but was not given
* overall worked
* showed US favors europe to LA