What was the Marshall Plan? What was COMECON?

The Marshall Plan was an American initiative passed in 1948 for foreign aid to Western Europe.

COMECON, the Council for Mutual Economic Assistance was an economic organization from 1949 to 1991 under the leadership of the Soviet Union that comprised the countries of the Eastern Bloc along with a number of socialist states elsewhere in the world.

Explanation:

The Marshall Plan was an American initiative passed in 1948 for foreign aid to Western Europe. The United States transferred over $12 billion in economic recovery programs to Western European economies after the end of World War II.

The goals of the United States were to rebuild war-torn regions, remove trade barriers, modernize industry, improve European prosperity, and prevent the spread of Communism. The Marshall Plan required a reduction of interstate barriers, a dropping of many regulations, and encouraged an increase in productivity, as well as the adoption of modern business procedures.

Moscow was concerned about the Marshall Plan. Comecon was meant to prevent countries in the Soviet sphere of influence from moving towards that of the Americans and South-East Asia. Comecon was the Eastern Bloc's response to the formation in Western Europe of the Marshall Plan and the OEEC, which later became the OECD.

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