What was the financial commitment of the United States for the Marshall Plan?

What was the financial commitment of the United States for the Marshall Plan?

• A. $10 billion
• B. $13 billion
• C. $20 billion
• D. $50 billion

Answer: (B)

The Marshall Plan, officially known as the European Recovery Program, was a significant American initiative launched in 1948 to aid Western Europe after the devastation of World War II. The financial commitment of the United States for this plan was approximately $13 billion, which was allocated over four years to help rebuild the economies and infrastructures of countries in Europe. This financial support was intended to stabilize these economies, prevent the spread of communism, and foster political stability and economic cooperation among the European nations. The considerable investment of $13 billion also reflected the U.S. government's understanding that economic recovery was critical for global peace and prosperity in the post-war world. The successful implementation of the Marshall Plan is credited with significantly contributing to the economic revival of Western European countries and is often cited as a key factor in creating a more prosperous and stable Europe.

The Marshall Plan, officially known as the European Recovery Program, was a significant American initiative launched in 1948 to aid Western Europe after the devastation of World War II. The financial commitment of the United States for this plan was approximately $13 billion, which was allocated over four years to help rebuild the economies and infrastructures of countries in Europe.

This financial support was intended to stabilize these economies, prevent the spread of communism, and foster political stability and economic cooperation among the European nations. The considerable investment of $13 billion also reflected the U.S. government's understanding that economic recovery was critical for global peace and prosperity in the post-war world. The successful implementation of the Marshall Plan is credited with significantly contributing to the economic revival of Western European countries and is often cited as a key factor in creating a more prosperous and stable Europe.