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US program to aid war torn Europe, also known as the European Recovery Program. The Marshall Plan was a corner stone in the US use of economic policy to contain communism. |
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International Bank for Reconstruction and Development |
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IMF (International Monetary Fund): |
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Helped rebuild war torn Europe and assist Asia, Latin America and Africa. |
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System of collective security. An international agency that would settle disputes among members. |
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1947: Gave US the right to intervene to save other nations from Communist subversion |
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NATO (North Atlantic Treaty Organization) |
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Bound nations together in Western Europe for mutal defense against the Soviet Union |
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A counterpart to NATO created by the Soviet Union. Divided Eastern and Western Europe |
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Foreign policy adviser insisted that Soviet fanaticism could be reduced by ongoing military and diplomatic pressure, believed future of democracy relays on the decrease of communism |
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Began when China refused to help US, US backed out as Chinas defeat became inevitable. Mao took control of the country and China fell to communism. (most blamed Truman) |
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