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Southern Travel on As World War II drew to a close, the war-torn nations of Europe needed U.S. exports to assist with rebuilding their economies, but they lacked strong manufacturing sectors to produce trade-able goods. The result was a chronic dollar shortage, only partially alleviated by the $13 billion dollar foreign aid package known as the MARSHALL PLAN implemented by the U.S. government in 1948. Marshall Plan assistance helped with the dollar shortage, but European powers struggled nonetheless, and many were forced to devalue their currencies in 1949. Southern Travel 2016.

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