German investments and industrial recovery were totally dependent on short-term
loans, largely from the USA under an economic plan named as
AL Marshall Plan
Bi Danes Plan
C Molotoy Plan
None of the above
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Molotoy plan.............
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German investments and industrial recovery were totally dependent on short-term loans, largely from the USA under economic plan of AL Marshall.
- The Marshall Plan and the European Recovery Program were an ambitious attempt to stimulate economic growth in post-World War II.
- Europe which was downcast and almost bankrupt, the plan was initiated for upliftment and also to prevent communism from spreading.
- To prevent alienating Soviet Union, it was declared that the objective of sending aid to Western Europe was humanitarian, thereby offering support to east communist states.
- The plan was success as the nations involved experienced a rise of 16-26% in their gross national products. It further contributed greatly to the rapid renewal of the chemical, engineering, and steel industries of Western Europe.
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