1948: EUROPE'S POST WAR RECOVERY

Post-WWII Europe faced severe economic challenges, with shortages in essential resources like olive oil, freight cars, and textiles. Nations struggled to rebuild individually, leading to widespread economic stagnation. Factories closed due to lack of power and materials, causing unemployment. By 1947, Europe produced only a fraction of the needed textiles, coal, steel, and food. Without international aid, European nations risked complete economic collapse.

What was a major reason France could not acquire freight cars from Belgium after the war?

• Belgium had no freight cars to sell.

• France lacked the necessary currency for payment.

• The freight cars were too expensive.

• Belgium refused to trade with France.

What was the impact of economic stagnation on the Fiat plant?

• It expanded its operations.

• It started exporting more cars.

• It closed due to lack of power.

• It increased production.

Why was young Buba in Holland unemployed?

• He was not skilled enough.

• The mill lacked cotton to spin.

• He chose to dig peat instead.

• The mill was overstaffed.

By 1947, what fraction of textiles did Western nations have compared to their needs?

• 2/3

• 3/4

• 1/2

• 1/3

What was the state of food production in Europe by 1947?

• It was sufficient for export.

• It exceeded the required amount.

• It was barely 2/3 of what it should have been.

• It was at full capacity.