What produced the European Payments Union?

Question

Quizplus · Accepted Answer

The European Payments Union (EPU) was established with the financial support of the Marshall Plan, which was an American initiative to aid Western Europe, in which the United States gave over $12 billion (approximately $100 billion in 2016 US dollars) in economic assistance to help rebuild Western European economies after the end of World War II. The EPU was created to help European countries balance their international payments and facilitate trade among them, thereby contributing to economic recovery and integration.

What Produced the European Payments Union