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The council for mutual economic assistance (comecon), which was established by the Soviet Union in 1949, was inspired by the Marshall Plan.
What did the Marshall Plan and COMECON serve to accomplish?
COMECON. The policy of containment directly led to the creation of the Marshall Plan (also known as the European Recovery Program). It was a strategy for social and economic rebuilding in Europe intended to hasten the process of healing in the nations still reeling from the impacts of World War II.
As an alternate to the Marshall Plan, Comecon was established. It was intended to promote development and trade among its members while assuring that they followed Moscow's direction. Czechoslovakia, Poland, Hungary, Bulgaria, Romania, Albania, and the Soviet Union were Comecon's founding members.
The Marshall Plan and the OEEC, which subsequently became the OECD, were established in Western Europe. The Eastern Bloc's reaction was Comecon.
What did the Marshall Plan set out to accomplish, and why would it succeed?
The Marshall Plan was a U.S.-backed initiative that aimed to revive the economies of 17 nations in western and southern Europe in order to establish stable conditions that would allow for the survival of democratic institutions in the years following World War II. The European Recovery Program is what it was technically known as.
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