Why did the USA give so much money to Europe after WW2?
On 3rd April, 1948, Harry S. Truman signed the first appropriation bill authorizing $5,300,000,000 for the first year of the ERP. Paul G. Hoffman was appointed as head of the Organization for Economic Cooperation (OEEC) administration and by 1951 was able to report that industrial production in Western Europe had grown 30 per cent since the beginning of the Second World War. The European Recovery Program came to an end on 31st December, 1951. It its three year existence, the ERP spent almost $12,500,000,000. It was succeeded by the Mutual Security Administration. get your tihs right boss,13 ,000,000,000,,,,thats the number, or 12 bil & coffee money LISTEN MICKEY RAT,ON THAT 13 BILLION we settled full on ONE billion repayment we were more generous than the college you got your foolscap diploma from.
Why after WW2 did US give money to Germany and Japan and just loans to UK?
the USA had been Giving or lending money to the Germans from 1919 the Dawes and Young Plans 1924 the Rockefellers Gave Hitler 32 Million US dollars to ensure the party survived ten in 1933 Corporate USA and Wall St Loaned The Nazis 840,000,000 to win the 1933 elections then as Payment for Fighting the Communists the USA introduced the Marchall Plan to rebuild Germany the USA giving Germany Money Nothing new there the USA put Sadam Husain in Power he did what he was told then Rebelled to they destroyed his country to get Rid of Him then Gave the Iraq people to Rebuild Iraq and the USA made Billions from selling Arms to all sides
Did the United States give money aid to the Germans after WWI?
No. After WWI, as agreed in the Treaty of Versailles, Germany had to pay reparations to the tune of about $6bn, certainly no one gave them money. The intention was that Germany would be too financially weakened to ever start another war. Ha! Ironically, this caused such a downturn in the German economy that Hitler came along, blamed the Jews for the poverty, and we know how that went. I think you mean after WWII. After WWII Germany was economically weak, and under the Truman Doctrine and Marshall Plan, the US provided economic aid to West Germany. They were afraid that if Germany remained economically weak they might turn to Communism, so they helped them out to make sure they remained capitalist. Stalin refused aid on East Germany's part, and they did become Communist, which ultimately led to the Berlin Wall, and was a factor in other Cold War crises too.
in 2018 dollars … the online calculators are saying to use 17.38 to convert 1938 dollars into 2018 dollars .. (as of Aug 2018)so $$272 billion in 1938 is $$ 4,727,360,000,000.oo in 2018 dollars.4.7-ish quadrillion. USA has spent 2.2 trillion only for Afghanistan. I think the other older posts are incorrect also if using 2008 dollars. 15.27 is given as a conversion 1938 into 2008 by the online calculators. 272 billion into 2008 is 4,153,440,000,000
Why did the US give so much aid to Japan and W.Germany after WWII?
It is kind of hard to say - since the government usually does not publicize its "shady business." Part of it, though, is probably linked to guilt - even though America justified that the atom bomb would help end the war (as the reason to use it) after the 2 explosions, the terrible of atomic weaponry were seen. Approximately 90-100 thousand people in Japan died during the explosion, and many more afterward due to radiation. Another reason was the communism/democracy thing. It wasn't that America was selfish or jealous or anything - America believed that maintianing democracy (as compared to communism) around the world was vital to American and International interests. In Germany, the Soviets got their first and were able to create a huge zone of influence in Eastern Europe - but Japan was American "turf," and only they had the power to decide what went on afterward. America was VERY strongly against communism, and this can be seen throughout the second half of the 20th century (we've fought 2 wars, had multiple MAJOR conflicts and an arms race due to communism). Therefore, America wanted to maintain democracy in as many nations as possible. While you are right, that McArthur brought Japan to increased levels of success, you should realize that America did devastate the nation through the bombings. It is a controversial issue, whether it was right or not, so part of it is realted to America's "responsibility".
It's a hard fact of basic economics that defence spending is good for the GDP. During WWII, the needs of US defence production went through the roof, as the country rapidly expanded their own military capacity while producing war materiel to resupply the UK and other European allies, including Russia, following their setbacks in 1940 and 1941.The initial German and Japanese onslaughts had severely dislocated defence production everywhere except North America, where the US and Canada were insulated against Axis airpower and the threat of invasion. Both economies boomed as a result.The US became a command economy as the resources of the nation as a whole were brought to bear upon the diverse and competing demands for the machinery of war. There was a tremendous boost to the manufacturing sector and to second tier industries such as shipbuilding and construction, among many others. Every dollar earned was reinvested in the economy to keep the war machine rolling and adapting to changing circumstances.The labour force increased manifold to meet ever increasing demands. Unemployment plummeted, women flooded the job market to replace the men diverted to the military, and the infusion of wages to local business had a knock-on effect in boosting the third tier service sector.So the national economy moved from strength to strength as the war progressed. But it would be misleading to say that the US as a whole “made money” from the war effort. In fact, they incurred a massive debt that they attempted to stem through the sale of war bonds and other securities to individuals and the banking sector. In effect, they managed their debt by borrowing from themselves. This in turn contributed to the leap in the GDP.The US emerged from the war as the world's strongest economy, firing on all cylinders. But wage and price controls along with rationing severely hampered war profiteering. No doubt there were some who made money; however, as a whole, the tremendous growth in the country’s economic capacity was the main benefit derived from the war.
During WW2 how effective was the German Navy (kriegmarine) auxillary cruisers compared to their U-boats?
The U-boats by far were more effective. The auxillary cruisers were mainly built by old parts and in one case a ship was plagued by engine problems. U-boats were effective because they were stealthy and they could hold many passengers and pows. They also had torpedos and caused quite a bit of damage. There are many cases where these cruisers actually just sank because of problems. So my best guess would be the U-boats for the amount of damage, capacity, and stealth that they possessed.
How much did Germany have to pay for the reparations after World War II?
Germany paid reparations to the United Kingdom, France, and the Soviet Union mainly in the form of dismantled factories, forced labor, and coal. Germany was to be reduced to the standard of living she had had at the height of the Great Depression. Beginning immediately after the German surrender and continuing for the next two years, the U.S. pursued a vigorous program to harvest all technological and scientific know-how as well as all patents in Germany. John Gimbel comes to the conclusion, in his book Science Technology and Reparations: Exploitation and Plunder in Postwar Germany, that the "intellectual reparations" taken by the U.S. and the UK amounted to close to US$10 billion, equivalent to around US$100 billion in 2006 terms. The program of acquiring German scientists and technicians for the U.S. was also used to deny the expertise of German scientists to the Soviet Union. The case for finding and holding Nobel laurate Werner Heisenberg was summed up thus "…he was worth more to us than ten divisions of Germans. Had he fallen into Russian hands, he would have proven invaluable to them." In accordance with the Paris Peace Treaties, 1947, payment of war reparations was assessed from the countries of Italy, Romania, Hungary, Bulgaria, and Finland
What compensation did Germany pay to Jews for their Nazi crimes?
They have in agreement with the Israeli state made payments in the 1960s and 1980s to all the survivors that Israel presented to them, the amount was agreed with the Israeli government. They made similar payments to the survivors that the Eastern EU countries presented to them. They paid towards claimants from the US. In 2007 there were further claims made by Israel, but Germany denied their validity. It is very unlikely that there are survivors alive now, that have not yet claimed. If they prove they have not received what is due to them, they can still obtain it from the German government
Why did USA help rebuild German and Japanese economies after WW2?
The Allies (especially the USA) helped rebuild Germany because of what happened after World War 1. After World War I, Germany was punished very harshly. At Versailles, Lloyd-George and Wilson let Clemenceau bully them into making a treaty which punished Germany, made Germany lose most of their armed forces, and forced them to pay huge reperaitons which crippled their already dire economy. the result was that when adolf Hitler came to power and promised to overthrow the treaty, he gained huge support amongst starving people who were in poverty largely due to Versailles. Hitler was also able to blame the problems on Jews, which made his anti-Jewish stance very popular and garnered him even more support. Since the Nazis then started world war II, it can be argued that the Treaty of Versailles was the single most important reason why world war II started. After World War II, the allies, particularly Britain and America were reminded of the mistakes at versailles,and resolved not to make them again. They stood up to the Russians, who wanted to cripple Germany, and decided upon a policy of helping Germany rebuild, so it not be bitter and want to start another war in the future. The Reason America gave the most money was that after World war II, America was by far the strongest of the allied nations, with Britain and France both crippled from the war, and Russia unwilling to give anything to help Germany. The reason that america did not help Russia was because Russia and America were beginning to develop the rifts and rivalries which would eventually grow into the Cold War.