Answer to Question #313773 in History for golden

Question

What types of aid did the Marshall Plan provide?

Answer 1

The Marshall Plan resulted in the comeback of European manufacturing as well as a significant influx of foreign investment into the area. It also served as a stimulus to the U.S. economy by opening markets for American-made products in other countries. Historians are widely agreed that the Marshall Plan had a role in recovering the economy of Western Europe by managing inflation, stimulating commerce, and restoring manufacturing. It also contributed to the reconstruction of infrastructure via the use of local currency counterpart funding. Even a year before the Marshall Plan's conclusion in 1951, Germany had exceeded its pre-war industrial output levels." ca. 1948–ca. 1951