This assistance provided much-needed finance and supplies, allowing Europeans to reconstruct the continent's economy. This is why the Marshall Plan was so successful.
Marshall, after whom it was called, devised it as a four-year plan to rebuild badly damaged towns, industries, and infrastructure, as well as to reduce trade barriers between European neighbors—as well as to stimulate commerce between those nations and the United States.
By the end of the Marshall Plan period, European agricultural and industrial production had increased significantly, the trade balance and related "dollar gap" had narrowed significantly, and substantial efforts toward trade liberalization and economic integration had been accomplished.
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