Post-World War II Recovery

Definition

Post-World War II recovery refers to the efforts made by countries after World War II ended to rebuild their economies, infrastructure, and societies that were devastated during the war.

Related terms

Marshall Plan: A US initiative that provided financial aid to Western European countries after World War II with the goal of fostering economic recovery.

Bretton Woods Conference: A meeting held in 1944 where global leaders established institutions such as the International Monetary Fund (IMF) and World Bank to promote international monetary cooperation and support post-war reconstruction.

Cold War Era: The period from 1947 to 1991 characterized by political tension between the United States (and its allies) and Soviet Union (and its allies), which influenced post-war recovery strategies.