What was the Marshall Plan?
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → The US extended financial help for revival of European economy.
Option (1) The US extended financial help for revival of European economy. — Correct. After 1945, America extended massive financial help for reviving Europe’s economy under what was called the ‘Marshall Plan’.
Option (2) NATO decided to mitigate trade disputes between the US and China — Incorrect. The Marshall Plan was American aid to rebuild Europe after 1945; it had nothing to do with China or trade disputes, and NATO was a separate security structure.
Option (3) European integration after Brexit. — Incorrect. The plan came right after the Second World War, decades before Brexit (2016).
Option (4) WTO’s plan to channel aid for European Cultural Cooperation. — Incorrect. It was a US plan of economic help, not a WTO plan for cultural cooperation; the WTO was set up only in 1995.
NCERT (2025-26): “European Union … In 1945, the European states confronted the ruin of their economies and the destruction of the assumptions and structures on which Europe had been founded. European integration after 1945 was aided by the Cold War. America extended massive financial help for reviving Europe’s economy under what was called the ‘Marshall Plan’. The US also created a new collective security structure under NATO.…” |