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Gave economic aid to Europe

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gave economic aid to Europe

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COMECON, the Council for Mutual Economic Assistance, was an economic organization established in 1949 by the Soviet Union and its Eastern European allies. It aimed to promote cooperation and economic integration among its member countries, fostering socialist economic planning and trade relations. The primary goal was to counter the influence of the Marshall Plan in Western Europe and strengthen the economies of the socialist states.


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Related questions

What are the different ways the marshall Plan benifited the United States?

the marshall plan helped the postwar economy grow in the united states,and helped the united states build a strong political support in western Europe


How was the Marshall plan the first great success of George F. Kennan's idea of containment?

the marshall plan built good will toward the united states that helped contain the expansion of communism


What was the United States plan to assist in the rebuilding of Europe following World War 2?

Marshall Plan


Why did the US invite the marshall plan?

The United States implemented the Marshall Plan to prevent the spread of communism into war weakened countries after World War II.


What western liberal democracies was intended to win support in Europe and slow the spread of communism following World War 2?

Answer this question…The Marshall Plan sent United States monetary aid to Europe to help with reconstruction.


What was the economic plan of the United states that would give economic aid to free and democratic countries of Europe?

The marshall plan


How was the Marshall plan the first great success of Georgia Canon idea of containment?

The Marshall Plan built good will towards the United States that helped contain the expansion of communism


Who was the presidentof the United States when the marshall plan was signed?

The Marshall Plan was signed during the presidency of Harry S. Truman. Truman, the 33rd President, served from 1945 to 1953.


How was the marshall plan the great success of george f. kennans idea of containment?

The Marshall plan built good will toward the United states that helped contain the expansion of communism


Was the marshall plan a form of economic imperialism?

The Marshall plan was on an economic form of imperialism. It was a plan to provide economic assistance to the nations devastated by World War 2. It provided monies from a special fund in the United States. The money was to be paid back or was a gift. England paid the United States back in the 1990s I believe. See the link below for more information on the Marshall Plan.


How much of the Marshall Plan debt was repaid and by which countries?

The Marshall Plan involved providing grants to Europe, that were not loans. The funds were paid directly to the European nations under the plan, and for the most part, the money was spent in the United States, creating both jobs as well as export economic gain for the country.


How was the Marshall Plan the first great success of George F. Kennan's ideas of containment?

the marshall plan built good will toward the united states that helped contain the expansion of communism