Machinery for Rebuilding the European Economy

Extract

By the end of the war in Europe in 1945, it was evident that one of the major problems to be faced during the post-war period would be the rebuilding of the shattered European economy. Certain steps toward rehabilitation had already been taken by the United Nations Relief and Rehabilitation Administration, and several temporary organizations dealing with specific aspects of reconstruction were created in 1945 to attempt an international solution of the problems involved. When the United Nations was inaugurated early in 1946, one of its first actions was to create a group to study both long- and short-range factors in the European economic situation. This Temporary Subcommission on the Reconstruction of Devastated Areas, reporting in the summer of 1946 to the Economic and Social Council, proposed the establishment of a regional commission to concentrate on European recovery.