5th September 1945
Pages from 'PUNCH'
Cartoon from PUNCH magazine 5th September 1945. The USA surveys the war damage with an eye on lending Europe money for reconstruction and trade.
The caption reads
THE OLD CUSTOMER
"Looks like they'll need a bit of money before I can deal here again."
The Marshall Plan
From Wikipedia:
The Marshall Plan (officially the European Recovery Program, ERP) was an American initiative enacted in 1948 to provide foreign aid to Western Europe. The United States transferred $13.3 billion (equivalent to $173 billion in 2023) in economic recovery programs to Western European economies after the end of World War II. Replacing an earlier proposal for a Morgenthau Plan, it operated for four years beginning on 3rd April, 1948.
The goals of the United States were to rebuild war-torn regions, remove trade barriers, modernize industry, improve European prosperity and prevent the spread of communism.
The Marshall Plan proposed the reduction of interstate barriers and the economic integration of the European Continent while also encouraging an increase in productivity as well as the adoption of modern business procedures.
Contact Brief History to inform us of additional information regarding this page