Editing Marshall Plan (section)

===West Germany and Austria===
[[File:DBP 1960 344 George C. Marshall.jpg|thumb|upright|1960 West German stamp honoring George Marshall]]
The Marshall Plan was implemented in West Germany (1948–1950), as a way to modernize business procedures and utilize the best practices. As a major prerequisite for delivery of aid, the [[Currency Reform of 1948]] was implemented on June 20. The Marshall Plan made it possible for West Germany to return quickly to its traditional pattern of industrial production with a strong export sector. Without the plan, agriculture would have played a larger role in the recovery period, which itself would have been longer.{{sfn|Hardach|1987}}{{sfn|Knapp|Stolper|Hudson|1981}}{{sfn|Major|1996}} With respect to Austria, Günter Bischof has noted that "the Austrian economy, injected with an overabundance of European Recovery Program funds, produced "miracle" growth figures that matched and at times surpassed the German ones."{{sfn|Bischof|2020|pp=38–72}}

Marshall aid in general and the counterpart funds in particular had a significant impact in Cold-War propaganda and economic matters in Western Europe, which most likely contributed to the declining appeal of domestic communist parties.{{sfn|Grünbacher |2012}}