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“Marshall Plan” as a program for the restoration of Western Europe after World War II and the reason for the establishment of US world domination

https://doi.org/10.28995/2782-2222-2023-4-65-79

Abstract

The article considers the reasons for the economic and political dependence of the countries of Western Europe on the United States of America. The foundations of that dependence were laid with the beginning of the implementation of the “Marshall Plan” in Europe. After World War II, the economies of European countries were in devastation, people were left without means of subsistence, without food, work and housing, and American industry had just regained its power, and it was not at all in its benefit to have the main consumers of its products plunged into a new crisis, into another Great Depression. Therefore, in the United States, the “Program for the Recovery of Europe” was developed, under which European countries received financial assistance to restore their economies, but in addition, the Americans put forward a number of conditions, the fulfillment of which led to just that very dependence on the donor country. Those conditions were: preventing representatives of communist parties from entering national governments, full control of Americans in the political sphere, over the use of funds, provision of complete information about the state of the economy, science, development of technology, priority of getting everything necessary for the development of the American economy from Europe, switching to the dollar, as a reserve currency and the transfer of all gold and foreign exchange reserves to USA. European countries had to guarantee American entrepreneurs the protection of their interests and investments. Thanks to such harsh conditions and total control, the United States managed not only to establish its influence on the countries of Western Europe and subjugate them to its power, but also to return all the funds spent on the implementation of the Marshall Plan, significantly increasing them.

About the Author

I. N. Bukhtereva
Russian State University for the Humanities
Russian Federation

Irina N. Bukhtereva , Cand. of Sci. (Economics), associate professor

bld.   6, Miusskaya Square, Moscow, 125047



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Review

For citations:


Bukhtereva I.N. “Marshall Plan” as a program for the restoration of Western Europe after World War II and the reason for the establishment of US world domination. Science and art of management. 2023;(4):65-79. (In Russ.) https://doi.org/10.28995/2782-2222-2023-4-65-79

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ISSN 2782-2222 (Print)