Economic History · 20th-century economies
The Postwar Boom & the Marshall Plan
How Western Europe went from ruin to its fastest growth ever: Marshall's 1947 speech, ~$13 billion in aid, the OEEC and European integration, currency reform and the German 'miracle', Bretton Woods, and why aid alone wasn't the whole story.
Step 1 of 6 · Overview30 min read ·
Key idea
Prereqs: World War II; The gold standard era. Next: 1970s stagflation & Volcker; Europe & the EU. Sources: George C. Marshall Foundation; Benn Steil, *The Marshall Plan* (2018); Barry Eichengreen, *The European Economy since 1945* (2007).Next: 1. The plan