Institution Date The Marshall Plan vs. Morgenthau Plan The Marshall Plan was a sequence of economic policies and reforms that facilitated the strengthening of Western Europe post-World War II. It also aided to make the United States the spearhead of the free world…
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It is worth mentioning that the Morgenthau Plan existed as an underprivileged policy choice. As a result, it forced Germany into a decline and deindustrialization hurting the rest of the world in relation to economics and world security. It may be argued that this was a major factor in initiating the Second World War. On the other hand, the Marshall Plan was noted to create righteous circles of growth resulting to being the most favorable policy that developing nations ought to use (Fulbrook 16). The Morgenthau Plan was not implemented because this plan stressed on reindustrialization. As a result, it depressed carrying capacity in relation to population, forced institutions to failure, and agricultural yields to severely decline. It is worth noting that globalization acts on all emerging nations in the same way the Morgenthau Plan operated on Germany post-World War I. While globalization brought nothing but regression to low-income countries, it conveyed more wealth and prosperity to high-income states. Thus, instead of a merging of income, there is a rising divergence of nation’s proceeds. This was notably not in line to what the European countries required to save them from the effects of the war. It is worth noting that the war left Europe in dreadful economic shape. ...
This resulted to the United States to implement the Marshall Plan to aid in the reduction of the awful aftermath of the war. The U.S., therefore, helped reconstruct the economic well-being and potency of European society. It is worth noting that this was not just a humanitarian aid, but was the finest way to combat communism in Europe. This is because the European nations accepting U.S. aid needed to function as an economic unit. Moreover, a reconstructed Europe would benefit the United States by yet again being able to purchase American factory and farm harvests. More significantly, a frugally strong Europe would halt the spread of communalism (Turner and Henry 209). However, the Soviets rejected Marshall’s request to help grow a plan to rebuild Europe. They (Soviets) said that his plan stood as an arrangement to rule Europe economically. The Eastern European nations that were under Soviets control, therefore, failed to participate. In a meeting that took place in Paris in 1947, America was disappointed in the direction the plan was taking. This is because 16 Western European nations came with a distinct “shopping list," list”, other than taking a unified plan for Europe as a whole. Moreover, western Germany that was occupied by Britain, France, and the United States was thought to remain economically unstable hence not eligible to receive much of the Marshall Plan aid. The French assumed this would stop Germany from ever again going to combat. However, Marshall stressed the significance of full German participation. He saw it as essential for the economic recapture of Western Europe. The Marshall Plan was noted to do numerous necessary things. These were providing philanthropic aid for
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“Discuss the Details of the Marshall Plan in Comparison With the Essay”, n.d. https://studentshare.org/history/1488010-discuss-the-details-of-the-marshall-plan-in.
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