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28 May 08
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Convinced that economic instability aided Soviet Communist expansion,
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The plan, he said, was not directed against a country or an idea, but "against hunger, poverty, desperation, and chaos. Its purpose should be the revival of a working economy in the world. . . ."
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the United States ought to help Europe with substantial grants and loans in order to prevent "economic, social, and political deterioration of very grave character."
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The Soviet Union was invited to take part, but it refused on the grounds that the economic aid was really a sham for making Europe dependent upon the United States. Eastern European nations under Soviet control were also prevented from participating.
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Soviet refusal to participate and the overthrow of the Czechoslovakian government by communists helped secure passage of the Marshall Plan through Congress.
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$12 billion spent in Marshall aid, more than half went to Great Britain, France, and West Germany
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$5.3 billion in aid was provided to Europe the following year.
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prosperity not only helped contain communism, but as they became more prosperous, they bought more U.S. goods
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their gross national products by more than 25%.
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Acceptance of Marshall aid bound recipients to make all their purchases in the United States and Commonwealth countries.
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often refer to the success of the Marshall Plan to support aid programs for Asia, Latin America, and Africa.
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the postwar U.S. economic prosperity.
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