Economic Changes

avatar
Created by
Shekha

Cards (5)

  • Truman developed the Truman Doctrine in March 1947
  • March 1947: Truman developed the 'Truman Doctrine' which said USA would provide help for any country to avoid Communism. This was a policy of 'containment' to stop the spread of communism. He sent soldiers to stop Communists taking over Greece.
  • 1947: Marshall plan is agreed by Truman to give financial aid to European countries to recover from WWII and avoid Communism. By 1953, The USA put $17 billion into helping Europe. Truman wanted people to get back to work, make money and feel good about capitalism.
  • A Consequences of the Marshall plan in 1947 was countries in Stalin's 'sphere of influence' did not get any money from the Marshall Plan, so he tried to make up for this. The USSR created its own economic organisation, Comecon, to encourage trade with Eastern Europe.
  • The USSR's response to The Marshall Plan was Comecon, to encourage trade within Eastern Europe.