April 17, 2013
European cities were devastated by World War II, and more civilians were affected
The US took steps to help restore Europe, such as the Marshall Plan
- We gave Europe millions of dollars to help rebuild infrastructure
OEEC – set up a program in 18 different countries that tried to get the European nations to work
together and integrate their economies
- This movement toward integration proved beneficial as it improved economies, and
American investors looked to Europe and saw that it was imperative that it recovered.
In the UK, a Labor government had been elected that was committed to developing a welfare
state and created a number of welfare programs to improve the standard of living
- Also nationalized important industries such as coal.
In France, the government became involved in the economy, nationalizing banks and coal mines
Most western economies had mixed economies, with free market economies with some
In West Germany, the state didn’t take over industries directly, but the government assisted
industries in an effort to expand
Citizens now had social sec