History!!!!!!

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The effort of US
Marshall Aid (European Recovery Program/Marshall Plan): Shortly after the proclamation of the Truman Doctrine, the U.S. Secretary of State, George Marshall proposed to finance the recovery & reconstruction of Europe by a programme of economic aid.Marshall declared that the U.S. would provide financial aid to European countries if they agreed to rebuild their economy on a co-operative basis. In other words, the European countries should have a joint programme for economic reconstruction. They were expected to adopt an agreed system of tariffs, and to gear their industrial and agricultural production together so that they would not waste any financial aid in unnecessary economic competition between one another & could quicken their mutual economic recovery.Between 1948-51, the Congress authorized more than $13 billion for the program, approximately 10% of the annual federal budget. Although some contemporaries may have exaggerated the importance of Marshall Plan assistance in Europe 's reconstruction, there is little question that the aid helped overcome bottlenecks within the European economy & created a basis for rapid economic growth. Western European production rose rapidly, & by 1950 it had topped the prewar level by 25%.In July 1947, the European countries came together to examine Marshall 's proposal at Paris . The Soviet attacked the disclosure of the financial record of each recipient country to U.S. because it infringed their economic independence. She also condemned the Marshall Plan as a scheme to sell non-essential U.S. goods to Europe & as an imperialistic tactic to stretch U.S. commercial interests into the communist market. The Soviet & her satellites withdrew from the conference & did not receive any American aid.

The effort of USSA The idea of economic co-operation & integration met with an equal response in easten Europe . But in comparison with westen Europe, the economic integration of easten Europe was not so successful.


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