Molotov Plan

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The Molotov Plan was the system created by the Soviet Union in 1947 in order to provide aid to rebuild the countries in Eastern Europe that were politically and economically aligned to the Soviet Union. It can be seen to be the USSR's version of the Marshall Plan, which for political reasons the Eastern European countries would not be able to join without leaving the Soviet sphere of influence. Soviet foreign minister Vyacheslav Molotov rejected the Marshall Plan (1947), proposing the Molotov Plan — the Soviet-sponsored economic grouping which was eventually expanded to become the COMECON.^[1]

The plan was a system of bilateral trade agreements which also established COMECON to help the economic consolidation of socialist countries.^[2] This aid allowed countries in Europe to stop relying on American aid, and therefore allowed Molotov Plan states to reorganize their trade to the USSR instead. ^[3]

[edit] List of nations which took part in the Molotov Plan

• Soviet Union
• Poland
• Czechoslovakia
• East Germany
• Hungary
• Bulgaria
• Romania

^[4]

[edit] References

1. ^ CNN Cold War - Profile: Vyacheslav Mikhaylovic Molotov
2. ^ PinkMonkey.com World History Study Guide - 17.2 The Cold War between 1945 and 1947
3. ^ A Look back at the Marshall Plan
4. ^ http://k-12.pisd.edu/schools/pshs/soc_stu/ush/ColdWarEvents.pdf

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