3 ms·
> We were able to lend a lot of money to these countries I always thought this was true, but it's not. The entire Marshall Plan gave out about $80B over a dec
by SR2Z 2y ago
> We were able to lend a lot of money to these countries
I always thought this was true, but it's not. The entire Marshall Plan gave out about $80B over a decade in today's money, which is peanuts by our modern financial aid standards.
The main value the US provided to Europe after WWII was security, a stable common currency (almost all European ones were pegged to the dollar), and private investment.
- satvikpendem 2y agoYes, by lending money I should have clarified that I meant private investment along with the Marshall Plan. $80 billion does however go much farther when your cities have been razed to the ground than to for example incrementally improve a new rail line.