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Introduction

After the second world, war, Western Europe recorded one of the most astonishing economic recoveries in history. This was because the region moved from a period of turmoil and crisis during the war to booming economies afterwards. There were a number of occurrences that could have explained this rapid economic transition. Some people assert that it was as a result of the macroeconomic policies adopted by those respective countries. Others believe that the miracle was due to growing industries such as steel and coal. On the other hand others believe that international efforts played a significant role. The purpose of this essay is to examine how relevant the Marshall plan was to Western Europe’s economic recovery.

History of the Marshall Plan

The European continent had been devastated by the War. Most of them were battling with a series of issues. The continent was plagued with so many problems because the Second World War had been more expansive than the First World War. Industrial production was one of the key areas that had been affected by this war. This was largely as a result of the attack that nations had to face from aerial attacks. Some of the most developed cities in the continent urgently needed assistance. Berlin and London were such examples; also, there was an urgent need to look for mechanism of rebuilding other cities like Rotterdam that had been completely destroyed. (Bonds, 2000)