Politics vs Economics: Political Discussion on the Marshall Plan and Its Macroeconomics Effects

The research is aimed to both analyze and reevaluate the role of the Marshall Plan of 1948, not only for the recipient – mostly Western European nations, but also its impact on the U.S. economy in the long-run. The discussion, political and economic, would be provided as a way for further in-depth analysis of the macroeconomic effects of the Marshall Plan. The discussion itself would take into account notable events and factors, focusing primarily on the framework within the Cold War and the policy of containment, set by the United States after acknowledging the expansionist attitudes of the post-war Soviet Union. The political debate in the United States and reasoning of the necessity of the Marshall plan to reintegrate Western Europe into the forging new world order would broaden the understanding of the aims and tools of the U.S. foreign policy in the Cold War period. Results of this milestone policy of the United States reflexed in the post-war European vector of development, a story of the tremendous economic success, prosperity, and growing interdependence that has already become one of the most vital features of the modern world. Marshall Plan, despite its political importance, has contributed significantly to the abolishment of the usual economic isolationism, coming hand by hand with the process of globalization. In addition to those as mentioned above, the research would allow evaluating the possibility of the consideration of macroeconomic effects for the United States, answering the question of whether it was a planned move or coincidence.