In Implementing the Marshall Plan (1948-51)

question 32

Multiple Choice

In implementing the Marshall Plan (1948-51) ,

• A) the United States discouraged European countries from cooperating among themselves to increase trade, as it was felt that economic recovery would be better achieved through competition.
• B) the United States, in order to offset the large capital outflow caused by loans and grants made abroad, tried to maintain a balance of payments surplus.
• C) the United States offered financial aid to many of the economies in Western Europe devastated by World War II.
• D) the U.S. dollar was devalued 30% against other world currencies.

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