Economic Recovery Program : The Marshall Plan Essay

835 Words Sep 19th, 2015 4 Pages
Economic Recovery Program: The Marshall Plan
Near the end of World War II the allies met to determine the future of the European continent. Avoiding another economic depression situation that occurred after World War I, the Allies had to develop a plan to rebuild the economies of European nations. For instance, the German economy the last 10 years was producing only military hardware. So, how do you turn around a countries industry where it has been completely destroyed, lacks the money or credit to rebuild, where the people will be starving, people will have no place to live and there will be no functioning government? The Economic Recovery Program, more commonly known as the Marshall Plan, became the roadmap, a $13 billion aid package funded by the US, distributed among European nations for rebuilding industry, restore agriculture, regain financial stability, and re-establish governments and for the United States prevent Soviet influence throughout the region (Marshall-Plan).
The Economic Recovery Program, commonly known as the Marshall Plan, was developed and written by Secretary George C. Marshall. His plan contained elements for the expenditure of funds provided by the United States to rebuild the industries, prevent starvation, provide security, establish trading, restore agriculture and most importantly for the United States, prevent the spread of communism in the devastated areas of Europe. The Communists would want to use the same situations that brought Hitler to…

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