Gain Immediate access to our Essays
FREE access exchanged for your work, or pay £9.99
Words: | Submitted: Mon Jun 19 2006
... requirements are so much greater than her present ability to pay that she must have substantial additional help or face economic, social, and political deterioration of a very grave character." He then suggested the solution: that the European nations themselves set up a program for the reconstruction of Europe, with United States assistance (Ibid). Debate in the U.S. Congress over Marshall Plan legislation took place with opponents arguing that the costs of such a massive program would severely damage the United State's domestic economy (Kindleberger 1987). However, it became apparent that any delay in providing aid to the war-impoverished countries of Europe would put them in danger of Soviet domination (Hogan 1987). On February 25, 1948, a Soviet-backed, communist coup took place in Czechoslovakia. American shock at the coup reduced opposition to the Marshall Plan, and Congress finally approved the bill granting 12.4 billion in aid on April 3 1948, ten ...
FREE access exchanged for your work, or pay £9.99