Re:Germany tries to stop U.S. from luring away firm seeking ...
by KingOfCoders on Monday March 16, 2020 @01:10AM
(#22590193)
That aside grateful to every US soldier who risked his life or lost his life to free Europe, especially those that gave chocolates to my starving parents. They can always have a free lunch here.
"hundreds of billions of dollars"
Germany received $14B (in 2020 $). Most of the money was loans and Germany made the last debt payment in 1971.
The Marshall plan had three goals: 1.) Start the US peace time economy and help transition companies from wartime production to consumer goods 2.) Prevent communist influence in Europe by preventing starving Europeans 3.) Open European markets to US companies by reducing barriers and regulations.
"The Marshall Plan aid was mostly used for the purchase of goods from the United States." --Wikipedia
"Its role in the rapid recovery has been debated. The Marshall Plan's accounting reflects that aid accounted for about 3% of the combined national income of the recipient countries between 1948 and 1951, which means an increase in GDP growth of less than half a percent." --Wikipedia