The Marshall Plan

After World War Two, America'’s aim was to promote the worldwide growth of a capitalist free-market economy. To do so, it created some important financial institutions, such as the World Bank, the International Monetary Fund and the World Trade Organization (earlier the General Agreement on Tariffs and Trade). Their aim was to remove barriers to the flow of goods, services and money between the countries.

At the same time, America gave direct help to Europe through the Marshall Plan, an economic program of loans and gifts designed to rebuild the capitalist economies of Western Europe, America’s most important trading partner at that time.

World War Two left large parts of Europe in ruins. World War Two left large parts of Europe in ruins.

 

Task

Write a brief report about the Marshall Plan.

  1. Why was it started?
  2. How was it organized?
  3. What was its purpose?
  4. Who benefited from it?