Introduction to Economics Johnstown High School Mr. Cox

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Introduction to Economics Johnstown High School Mr. Cox Foreign Aid Introduction to Economics Johnstown High School Mr. Cox

Foreign Aid Funds that the US provides to foreign governments Why? Benefit the US Political agendas Economic/investment interests Humanitarian concerns Disease epidemics, etc Promote International trade Aid to a developing nation can create global players in the market

Examples Marshall Plan – rebuild Europe after WWII Helped prevent a third World War Rebuilt many European Nations Created strong trade partners Truman Doctrine – Greece and Turkey during Cold War Cold War politics Allowed US to keep an eye on Soviets 21st Century – Middle East focused Interests in Israel Oil interests Anti-terror initiatives