HIST-UA 1 Lecture 7: NATO & Marshall Plan
Document Summary
Lets people know that us will not be isolationist this time: truman doctrine (1947) b. i. Shows that american policy towards ussr is containment b. i. 1. Anytime soviets are making aggressive move/try to subvert elections (anything out of warsaw pact area) we will react militarily b. i. 2. Economic aid offered to any country in europe (germany particularly needs this) c. ii. All western countries take up this plan c. iii. Stalin in warsaw pact refused money because he doesn"t want the enemy doing good things for them c. iii. 1. Embarks on more five year plans: economics: d. i. In 50"s ad 60"s, european economy does very well d. i. 1. Uk does not do well economically (go halfway between government control) d. i. 2. a. Part of keynesian economics if you inject inflation into economy, it should help you out of recession d. i. 3. a. i. This time, it doesn"t work as a result of oil crisis (1973) d. i. 3. a. ii. Move away from government intervention to laissez faire d. ii. 1. d. ii. 2. d. ii. 3.
