Asked by Laura DuPree on Apr 24, 2024
Verified
The Marshall Plan was successful in that ______________________.
A) it corrected Western Europe's adverse balance-of-payments arrangement with the United States
B) it brought about the complete economic integration of the Western European states
C) it stopped postwar inflation in Western Europe
D) it stimulated impressive industrial production and investment in Western Europe
Marshall Plan
A U.S.-initiated program aimed at the economic recovery of war-torn Europe post World War II, through significant financial aid and rebuilding efforts.
Western Europe
A region comprising the western part of Europe, known for its advanced economies, democratic institutions, and historical influence on global affairs.
Economic Integration
The unification of economic policies between different states through the partial or full abolition of tariff and non-tariff restrictions on trade taking place among them.
- Assess the influence of the Marshall Plan on Europe's rehabilitation and political equilibrium.
Verified Answer
KH
Katie Huang7 days ago
Final Answer :
D
Explanation :
The Marshall Plan stimulated impressive industrial production and investment in Western Europe, leading to economic recovery and growth in the region. While it did involve financial aid to correct Western Europe's balance-of-payments arrangement with the United States, it did not bring about complete economic integration of Western European states or stop postwar inflation.
Learning Objectives
- Assess the influence of the Marshall Plan on Europe's rehabilitation and political equilibrium.