December 15, 1949: The Federal Republic of Germany joins the Marshall Plan. - Marshall Plan myth
When you think of the “Marshall Plan” you always think that the USA transferred large sums of money to Europe shortly after the Second World War in order to stimulate the economy here. But that's not correct. The US government gave US farmers money to ship their excess production of cotton and tobacco to Europe. These goods arrived at European processors, who had to pay for them in the normal way, for example in German marks. However, they did not pay to the US producers, but to the German state bank KfW. They took the money and used it to grant loans, for example for housing construction in Germany. The volume of these loans and their effect on the
Image: A political cartoon about the introduction of Marshall Aid by Clive Uptton. However, the upswing in Germany was only minimal.
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