Define "Dollar Imperialism."
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Dollar imperialism is a Cold War term by the Foreign Minister Vyacheslav Molotov of the Soviet Union that believed the Marshall Plan was being used by the United States to create a'sphere ofinfluence'in Western Europe .
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Dollar Imperialism:
- Dollar imperialism is a kind of Cold War term by Minister Vyacheslav Molotov of the 'Soviet Union' who believed the Marshall Plan was being practised by the United States to build a 'sphere of influence' after World War II.
- The policy of dollar imperialism is an extension of control or authorisation over foreign entities, through direct territorial conquest or settlement or indirect methods of controlling the policies and/or economies of other countries, as a means of the acquisition and/or maintenance of empires.
- It is often used to define a country's policy of maintaining and controlling far-flung territories, whether it's an empire.
- The U.S. provided $20 billion for assistance, but only if the European nations could cooperate and prepare a fair use of aid.
- We should be functioning as one economic unit for the first time: we will work with each other.
- In 1953, the USA poured into the European economy in $13 billion. Stalin didn't want to get into the Western sphere of influence, so he created his own plan, the Molotov Plan.
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