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How Did the Marshall Plan Actually Work? - The Financial Architecture of European Recovery | Sleepy Facts About History
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In the freezing winter of 1946, the canals of Western Europe froze solid, coal barges sat idle, and governments from Manchester to Milan discovered that reconstruction was impossible for a reason no bombing raid had caused: they had simply run out of dollars. The Marshall Plan is often remembered as the program that rebuilt Europe after World War II, but the reality is far more specific. This episode examines how the European Recovery Program actually functioned, exploring the financial…
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