Marshall plan

• The Marshall plan was a recovery plan providing economic support to countries in Europe and was the idea of free money to try prevent communism spreading by 1953 18 billion dollars was given in aid
• The 3 aims to the Marshall plan were to: help the US economy by creating reliable trading partners, make communism look less attractive, promote unity in Europe putting a halt to the spread of communism
• George Marshall created the Marshall plan in 1948. Served in both world wars and was a key figure in the second. Was the secretary of state in the US in 1947 (meaning he was the presidents forgein in affairs adviser) he resigned in 1949 but came back as secretary of defence in 1950
• The Marshall plan was a success as it helped re build many economies in Europe after the world wars and benefitted the US from having more trade. However in response the USSR created Comecon in response which was a union controlling communist countries not to take Marshall aid
• Dollar Imperialism means using money to control others. We see this in the creation of: the Marshall plan and Comecon
• Stalin refuses to allow countries in the torn curtain to take it