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Benn Steil: 2 ideas worth knowing

2 ideas from Benn Steil, each explained in a minute and credited to the original work. Free on Savvy.

• America rebuilt the economies of the countries it had just defeated

  In 1948, facing a Europe devastated by war and at risk of turning to communism, the US launched the Marshall Plan, sending over $13 billion to rebuild Western European economies, i…

  — Benn Steil, The Marshall Plan: Dawn of the Cold War

• The US gave war-shattered Europe billions in aid, partly to keep it from turning communist

  Between 1948 and 1952, the United States sent roughly $13 billion (well over $150 billion today) to rebuild Western European economies devastated by the Second World War. Named aft…

  — Benn Steil, The Marshall Plan: Dawn of the Cold War

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