Big Ideas
Big Ideas
ABC Radio
The Marshall Plan and the Cold War
54 minutes Posted Jun 23, 2022 at 10:05 am.
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Wars cost a punishing amount of money and,  after they’re over,  there's the cost of reconstruction. Western Europe received a life-saving injection of money under the Marshall Plan following the second world war.
Other countries since , facing the devastation of war , have asked for a similar scheme. The Marshall Plan was successful but also cemented the Cold War rivalry between America and the Soviet Union according to economist Ben Steil.