The main stages of cold war.
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The economic consequences of the World War II and reconstruction - Marshall Plan
1)Consequences:
-Destruction Of lives, physical assets and infrastructures.
-Low Territorial modifications, modest war reparations and debt.
-Technological Developments.
-Increased Social cohesion
-Extension Of democracy and socialism system.
-Economic Growth. Especially U.S.
2)Economic recovery (1945- 1950)
-Quick Recovery.
-“Hinge” stage or transition.
-Mixed Economy.
-Keynes Ideas – liberal capitalism.
-Keys to recovery: state intervention (help the People with bad life) and social contract (everyone agree with improving the World).
-USA Help because it is the only enough powerful to help.
3)MARSHALL
-2 Years after the end of the war, Europe was totally destroyed and someone had to Do something. Marshall realized about this and he talked with his American
-He Was convinced that the US could do something.
-European Recovery Program (ERP) or Marshall Plan (1948 – 1952)
oLoans (prestamos) and grants (subvenciones) of dollars to Western Europe.
oDestination of aid: first, food and Consumer goods; then raw materials, energy and machinery.
oPolitical and economic goals.
1.European recovery.
2.Avoid U.S. Recession.
3.Stop the expansion of Soviet orbit.
oAmerican leadership: end Isolationism.
oProblem: Soviet bloc and Cold War.
Spanish flag is missing because they help all the sides.