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American Plan Dbq

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The execution of the Plan began in April 1948. It had been worked out by the top leaders: George C. Marshall, Paul G. Hoffman, and Averell Harriman. The funds were administered by the Economic Cooperation Administration (ECA), which was formed for the purpose of the Plan. The first aid went to Greece and Turkey, who were then followed by Italy. Most of the funds from the ECA went to purchase goods for the European countries. Although these represented only a small part of the European GNP, this drastically helped to improve their economies. However, there is criticism in this method of execution because most of the goods purchased for the countries were manufactured by American companies. Many believe that it was a way for the U.S. to try and gain economic control of Europe, making the plan a selfish reason instead of to help better the world. The counterargument to this is that there was no way for the United States to gain the amount of control needed for imperialism when their aid only contributed to about 2.5% of the GNP of the recipients. Much of the money went …show more content…
A large amount of the funds provided for Germany went towards rebuilding their struggling industry. Their war machinery had left them huge amounts of debts that they were unable to pay. In addition, they had been forced to shut down many major factories following the war. To try and combat this, 40% of the funds to Germany went to the coal industry alone. When money was provided to industries and businesses in cases like these, it was like a loan. Once the businesses became successful they repaid the money back to their governments so that other businesses and industries could use the same funds. The amount of production in Germany significantly increased, and for them, the Marshall Plan signified a new economic era. Their process of giving out loans to businesses and using the repayments to help more businesses is still continuing

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