Ebtehal Alqarni
History
5-6-2015
Final Exam
Q1/
UNITED STATED SUCCESSFUL FOREIGN POLICIES:
THE MARSHALL PLAN:
After the world war II Europe was completely ravaged and had to face a serious bleak of aftermath of war. People had no food to eat and no shelter to live. Majority of European regions were destroyed and was in dire need of help to uplift the state back to its original condition or at least could arrange basic necessities of people as quickly as possible.
So, in order to pull out Europe of the devastation The United States designed a foreign policy "The Marshall Plan" under the presidentship of Harry S. Truman on April 3, 1948. The plan was designed to support Europe in arranging for food, shelter, infrastructural recovery
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It played a major role in changing the business perspective between Europe and U.S. It helped European countries to pass the initial phases of post war unfavorable conditions. However, the U.S apart from supporting Europe also wanted to lower down the biggest threat of communism to spread. The aid was also offered to Soviet Union but was turned down by them as they considered it an attempt by U.S to set its control in communist regions. Overall the plan was highly efficient and proved to be a support to the war affected countries and also to U.S in hindering communism to spread.
WORLD TRADE ORGANISATION:
World Trade Organization (WTO) is an international trade organization which was set up on January 1, 1995. It was developed with the participation of 161 states. The purpose of WTO is to design different agreements relating to trade with the mutual consent of the members companies, setting out trade rules and principles among different countries. WTO aims at reducing obstacles in trade and business between the countries and look into disputes that arise in nature of trade. The prime function of WTO is to provide a framework for manufacturers, importers, exporters and businesses through which they can regulate their working boundaries.
In this era of globalization there was a need of an
Economic aid for nations, especially Europe, was another weapon used to fight the war. After World War II, most of European countries were in a desperate situation. They suffered in poverty, hunger, and disease. Improved technology and the development of explosives with massive powers led to the devastation of Europe. Approximately 36 million European men have died in World War II. Not only did the population decrease, infrastructure had to be reconstructed and it required tremendous amount of reparation. As the European countries were weakened economically and militarily, they were desperate and more likely to rather fall into and be attracted to the Soviet Union’s communism than United States’ democracy. United
After so much devastation has taken place, there is a lot to be rebuilt. The European countries can not rebuild by themselves because there is not enough available financing. The United States took the initiative to help these countries and create grand fiscal systems to help finance the reconstruction. John Maynard Keynes and Harry Dexter White created the International Monetary Fund during the war, which financed a lot of the construction after the war. Along with this organization, the World Bank was created, focusing on giving loans for governments in order to rebuild infrastructure. As the United States helped create these organizations, this was not its only contribution. The Marshall Plan was created to help provide money for reconstruction.
Marshall Plan initially launched on April 3rd, 1948. It was invented to aid European countries after the calamity of War World II. In addition to aiding Europe, it also granted over five billion dollars to European countries. In the eyes of Stalin, this act was seen as “...a ploy by Truman. It [was] nothing like Lend-Lease- a different situation. They [didn’t] want to help
World Trade Organization ( WTO Eng . World Trade Organization (WTO) - an international organization founded January 1, 1995 for the purpose of international trade liberalization and regulation of trade and political relations between the Member States. WTO established under the General Agreement on Tariffs and Trade (GATT) .WTO is responsible for the introduction of new parts as well as enforces the members of the organization of all agreements signed by most countries and ratified by their parliaments. WTO bases its activities on the basis of decisions taken in the years 1986-1994 in the framework of the Uruguay Round and earlier GATT agreements. As of July 2012 , there are different groups of negotiations in the WTO system to address current issues in terms of agriculture, which leads to stagnation in the negotiations themselves .WTO headquarters is in Geneva , Switzerland. WTO chief ( CEO ) - Roberto Carvalho de Azevedo , in the state of the organization about 640 people. On March 2, 2013 the WTO consisted of 159 countries .
The Marshall Plan, also known as the European Renaissance Program, has more than $ 13 billion in funding for the recovery of Europe from 1948 to 1951. The Marshall Plan succeeded in triggering an economic recovery that achieved "the restoration of the European people towards their own country and Europe as a whole for the economic future." The plan was named Secretary of State George Marshall.
WTO is an international agency which is helping the nation members to provide barriers free trade and settle the disputes those are arise between nations while trading. It ensures the smooth and fair business activities between different countries. It was generated from GATT.
The Marshall plan was introduced by an American general named George Marshall. Its aims were to spark economic recovery within the EU. Although this plan had channelled over $13 billion to help economic recovery between 1948-1951 the Soviet Union had refused to participate. This was due to the Soviet Union portraying this to interfere with internal affairs between states. This had led to the Soviets refusing Poland and Czechoslovakia to interfere. However, although the Soviets decided not to interfere the United States had taken the opportunity to remake the European economy in the image of their own.
Put in effect in June 1947, the Marshall Plan was to stop the Soviet Union from influencing any of the weakened powers in the west. During that time, the United States had sent billions of dollars in aid to European democracies in order for them to rebuild after the war. Stalin did not understand and saw Truman’s actions as insensitive to the Russians who had many deaths and war damages.
The economy of Europe was crippled after the war and one of the first actions taken by the Eastern powers was the Marshall Plan. The countries that participated were given a startup fund and were brought into the United States’ economical orbit helping them get back up on their feet. Germany for instance was reduced to rubble by Allied bombing leaving businesses and homes in pieces. They had to build from the ground up but with the help of the US and other nations. After the combination of the 3 Western Allies zones they created a single new currency the Deutsche Mark. The Soviets feared that this would crucially devalue their already hyperinflated Reichsmarks that were used in the east. This crippled the Soviets hold on Berlin as well as Germany.
At the end of WWII, the victors needed to determine a way to establish a new government in defeated Germany. All of the major European country’s industries were destroyed and an aid program was needed to re-stabilize their economies. As Germany was the sole major axis power, the Soviets were determined not to allow major rebuilding of the country out of fear they would one day become aggressive again.
The utilization of the Marshall plan by the USA to assist West Germany was justified as a presentational method. By stabilizing the German government
The World trade organization (WTO) was founded January 1, 1995 . It is an international body whose purpose is to promote free
The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. The goal is to help producers of goods and services, exporters, and importers conduct their business. The World Trade Organization came into being in 1995. One of the youngest of the international organizations, the WTO is the successor to the General Agreement on Tariffs and Trade (GATT) established in the wake of the Second World War. The World Trade Organization exists to ensure that trade between nations flows as smoothly, predictably and freely as possible. It provides and regulates the legal issues which governs world trade now .
As stated earlier, Europe had suffered one of the most devastating impacts during and after WWII. In fact, Europe had suffered more economically after World War II for multiple reasons. Capital depletion was seen everywhere after the war, with cities torn apart and there were bomb craters on every street. Great Britain, inflation had increased rapidly and reached its peak following the war along with France. The currency started to become worthless because of how crumbled the economy had become. Even during the war, massive amounts of money were loaned from the United States to the allies in Europe just to keep the war funded. As a result, many countries in Europe ended up in an enormous amount of debt to America. This left millions of people having to live extremely hard and rough in Europe. Luckily, with the help of the United States, Europe was able to become stable again through the use of the Marshall Plan. The Marshall Plan was created by George Marshall who was the United States Secretary of the State and the idea was to help and support any European countries that had fell victim to the war such as France for example. So, these countries would then receive currency from the United States, which helped Europe extremely well and would have most likely fallen economically if the U.S. did not aid them through the use of the Marshall Plan.
WTO is the acronym of World Trade Organization that was established in January 1995. According to the World Trade Agreement, the objectives of the WTO are to: