The Marshall Plan, responsible for the economic recovery of the main European powers in the period after the Second World War, was remembered this Friday (4) by the governor of Rio Grande do Sul, Eduardo Leite (PSDB), amid the damage caused by the rains in the state.
“Rio Grande do Sul will need a kind of Marshall Plan for reconstruction,” said the government official at a press conference. “There will be many days and many more problems,” he added.
What is the Marshall Plan?
Named after its creator, George Catlett Marshall, a general in the United States Army, the program made money from American coffers available to countries such as Italy, France and England.
To guarantee the distribution of resources, important economic bodies were created, such as the Organization for European Economic Cooperation (OEEC), in 1948, which would later become the Organization for Economic Cooperation and Development (OECD), in activity until today.
The funds, significant for the time, were used to rebuild industry, agriculture and strengthen European commercial transactions.
The aid, however, went exclusively to Western European countries, fueling the Cold War against nations aligned with the Soviet Union.
In force between 1947 and 1951, the package of measures strengthened the notion of interdependence and the need for cooperation between European countries, further legitimizing the importance of an economic bloc that united them, as it would later emerge – the European Union (EU). .
Source: CNN Brasil
I’m James Harper, a highly experienced and accomplished news writer for World Stock Market. I have been writing in the Politics section of the website for over five years, providing readers with up-to-date and insightful information about current events in politics. My work is widely read and respected by many industry professionals as well as laymen.
