Home/truman doctrine
- Recent Questions
- Most Answered
- Answers
- No Answers
- Most Visited
- Most Voted
- Random
- Bump Question
- New Questions
- Sticky Questions
- Polls
- Followed Questions
- Favorite Questions
- Recent Questions With Time
- Most Answered With Time
- Answers With Time
- No Answers With Time
- Most Visited With Time
- Most Voted With Time
- Random With Time
- Bump Question With Time
- New Questions With Time
- Sticky Questions With Time
- Polls With Time
- Followed Questions With Time
- Favorite Questions With Time
What is the economic extension of the Truman Doctrine? mention its significance.
Equally important in Western Europe's reconstruction efforts was the concept of the Marshall Plan, the ultimate goal of which was to help the economies of those countries devastated by the war. In this case, the assistance that was due to these countries sought not only to reconstruct their economieRead more
Equally important in Western Europe’s reconstruction efforts was the concept of the Marshall Plan, the ultimate goal of which was to help the economies of those countries devastated by the war. In this case, the assistance that was due to these countries sought not only to reconstruct their economies and eliminate the expansion of communism but also to fortify the democratic capitalist systems in place.
Despite this, it is still essential to bear in mind that the Marshall Plan fared far better in the rebuilding of economies in Europe than it had in facilitating economic expansions, as well as in preventing any chances of Soviet inroads. This gave the United States the enviable position of commanding the world economy and clinched its status as a power capable of shaping the world after the war. Moreover, the implementation of the Marshall Plan allowed the United States to ingrain itself in the economic and political systems of Western Europe, laying down the foundations for enhancement of interactions and alliances in the years to come.
See less