Was the Marshall Plan an unqualified success Essay

Was the Marshall Plan an outright triumph - Essay ExampleIt also peeps into the state of economic growth in European countries in the first place the commencement of this invention, so as to examine whether or not the Marshall conception was an unqualified victor.The economic, companionable and policy-making state of European countries of had been greatly exhausted as the repercussion of the World War II. until now the most powerful countries, such as Germany, could not escape the devastations of war. The economic growth all oer the Europe had stalled and various political factors were hindering the process of economic growth acceleration. Watt illustrates the condition of European countries as,in the economic field matters were still worsened. The economies of France and Germany were in ruins Industrial production was recovering but the intensiveness of exports was nothing like adequate to finance the necessary imports to maintain the rate of recovery. In France and German y the position was worse still. British recover was far ahead of that in Europe 1.The desolating economic state did not sole(prenominal) hampered the exchange and industrial growth of war-striken European countries, but was also threatening for the American capitalism. The United States, uprise as the world super power after the World War II, perceived the state of halted trade and investment activities as grievous to its industrial growth. This led the US to devise and implement an assistant plan directed towards all the European countries, known as the Marshall plan or the European convalescence Plan. The program was aimed towards driving European cooperation towards enhanced trade, investment and industrial growth, as well as curtailing the political aspects hindering economic stability in the region. Hence, shaping the European economic growth on American foundations. Watt points out that the Marshall plan was to be a projection of many American ideas and ideals onto a Euro pe that was in a state of economic and political difficulties2. The western sandwich Europe, desperately in pack of funds and collaboration, quickly accepted the offer and proceeded towards its implementation. Vickers remarks that the Marshalls speech was welcomed with open arms by all the due western European states, already moving into varying degrees of co-operation3.Unqualified Success Of Marshall Plan- A Myth Or RealityThe Marshall plan is said to have greatly stimulated the economic growth of West European countries after the Second World War. Researchers (such as Mee4 and Wexler5 etc) argue in the favour of Marshall plan to have successfully transformed the course of economic recovery in Europe and led those countries on the track of growth. Wexler goes on to the extent of saying that the Marshall plan was one of the great economic success stories of modern times6. Although it is true to the extent that the flow of dollars and US conditions through the Marshall aid quicken the process of economic and industrial growth in the region, however the plan, exclusively, cannot be termed as an unqualified success in driving this progress. Vickers illuminate this point as, it is because of the way that the Marshall Plan entered the psyche of post-war politics that at that place is still a danger of falling prey to the myth of Marshall Aid. 7The amount of aid provided to the Western Europe during the Marshall plan was not sufficient to the extent that