What was the main objective of the Program for Economic Recovery following World War II? 🔊
The main objective of the Program for Economic Recovery following World War II, also known as the Marshall Plan (officially the European Recovery Program), was to aid in the reconstruction of war-torn European nations and to prevent the spread of communism. Initiated in 1948, the U.S. provided over $13 billion in financial assistance to help rebuild European economies, stabilize currencies, and promote trade. The plan not only aimed to restore economic stability but also to foster political cooperation among European countries. It was instrumental in revitalizing Europe’s economy, reducing the influence of communism, and paving the way for future European integration.
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