Accelerated the process of economic recovery, development and union of Western Europe, made Western Europe rapidly strong, and took a step forward towards the integration of Western Europe; laid the economic foundation of the capitalist world, strengthened the capitalist camp, enhanced internal cohesion, and consolidated the position of the United States in Europe.
The period from 1948 to 1952 was the fastest period of economic development in European history. Industrial production increased by 35%, and agricultural production actually exceeded pre-war levels. The poverty and hunger of the first few years of the war were gone, and the economies of Western Europe embarked on a two-decade period of unprecedented growth.
While historians debate whether or how much of the credit for these successes can be attributed to the Marshall Plan, most agree that the economic miracle was not solely attributable to the Marshall Plan, as there were signs that Europe was already showing signs of economic recovery. It is widely believed that the Marshall Plan accelerated the development of the Western European economies, but did not initiate the European economic takeoff.
Expanded
After the end of World War II, the U.S. had a large amount of material squeeze that could not be converted into funds, and after the war has been in disrepair in Western Europe and the urgent need for these materials, so it can be said that the two sides fit together very well. The U.S. loss of funds to Europe, although grants 90%, loans 10%.
But the core principle is that any country that receives Marshall grants can only make purchases from the United States, which revitalized the United States could not find an outlet for a large number of materials accumulated during the war, but also let the United States goods quickly occupy the European market, while 8.8 billion of which flowed into the purchase of goods, 2.7 billion into the market for raw materials, 1.6 billion into the industrial machinery.
Massive capital input, so that the technology and market only lack of funds in Western Europe to quickly restore the pre-war level, the U.S. government is not stupid, a series of operations for the U.S. to completely occupy the market to do the strategy to do the pavement.
Baidu Encyclopedia-Marshall Plan