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The Economic Miracle

Handout

Reconstruction, financed from outside

  • Marshall Plan funds from the United States financed an extensive reconstruction of industry and infrastructure and stimulated an extended period of growth in Western and Central Europe, often referred to as an "economic miracle," which increased the economic and cultural importance of consumerism.
  • One sentence, four stages: funds → reconstruction → extended growth → consumerism.
  • And the source is named: from the United States, which 8.2 had already made a world power.

Handout

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IGCSE, A-Level & AP