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Marshall Aid/ Plan (When? (May 1947 (Clayton returned from fact- finding…

- - - - concluded Europe was steadily
        deteriorating
      - without US aid, Europe would
        have social, economic & political
        deterioration
  - - - economic recovery & promoting unity
      - USA reached conclusion that only
        West Europe could mould this
- - - - believed European problems
        were economic
- - - - series of bilateral trade
        agreements that aimed
        to tie the economies of
        East Europe to the USSR
    - - Council for Mutual
        Economic Assistance
      - centralized agency that linked
        Eastern bloc countries to Moscow
      - designed to 'stimulate' & control economic
        development and support the collectivisation
        of agriculture and the development of heavy industry