Top Dog Analysis: Economic Programs
The economic policies that were introduced post-1945 were vital to the European economy’s survival. After countries just came off major back-to-back years of war, their economies were shot and needed revival. In countries whose economies were low, they had very little money to buy raw materials or extra sources for their people.
In 1945, the United States offered the Marshall Plan to western European nations. The Marshall Plan would give economic assistance until the countries were back to stability. This plan was one of the most successful economic relief systems in the history of Europe. It donated around 13 billion dollars to the nations involved.
Before the companies could receive economic support from the Marshall Plan, they had to join the Organization for European Economic Cooperation (OEEC). The OEEC was an attempt by the United States to get the European companies to work together, and it was successful. The nations agreed to cooperate with shared trade and commerce. Furthermore, after the OEEC was formed, the nation went on to form the European Steel and Coal Company, and the European Economic Community, also known as the Common Market.
The Common market was beneficial because it created even more economic unity among the states, and it reduced tariff boarders as well as combined trade systems. Even though it was suppressed by Nationalist surges, the Common Market was mostly successful because it built a strong basis for economic growth.
The economic reforms post-1945, especially the Marshall Plan, Common Market, and the organization for European Economic Cooperation, were vital in restoring Europe’s war-devastated war.
In 1945, the United States offered the Marshall Plan to western European nations. The Marshall Plan would give economic assistance until the countries were back to stability. This plan was one of the most successful economic relief systems in the history of Europe. It donated around 13 billion dollars to the nations involved.
Before the companies could receive economic support from the Marshall Plan, they had to join the Organization for European Economic Cooperation (OEEC). The OEEC was an attempt by the United States to get the European companies to work together, and it was successful. The nations agreed to cooperate with shared trade and commerce. Furthermore, after the OEEC was formed, the nation went on to form the European Steel and Coal Company, and the European Economic Community, also known as the Common Market.
The Common market was beneficial because it created even more economic unity among the states, and it reduced tariff boarders as well as combined trade systems. Even though it was suppressed by Nationalist surges, the Common Market was mostly successful because it built a strong basis for economic growth.
The economic reforms post-1945, especially the Marshall Plan, Common Market, and the organization for European Economic Cooperation, were vital in restoring Europe’s war-devastated war.