Marshall School Of Business Prerequisites And Requirements
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The Marshall Plan (officially the European Recovery Program, ERP) was an American initiative enacted in 1948 to provide foreign aid to Western Europe. The United States transferred $13.3 billion (equivalent to $173.8 billion in 2024) in economic recovery programs to Western European economies after the end of World War II. Replacing an earlier proposal for a Morgenthau Plan, it operated for four years beginning on April 3, 1948, though in 1951, the Marshall Plan was largely replaced by the Mutual Security Act. The goals of the United States were to rebuild war-torn regions, remove trade barriers, modernize industry, improve European prosperity and prevent the spread of communism. The Marshall Plan proposed the reduction of interstate barriers and the economic integration of the European Continent while also encouraging an increase in productivity as well as the adoption of modern business procedures. The Marshall Plan aid was divided among the participant states roughly on a per capita basis. A larger amount was given to the major industrial powers, as the prevailing opinion was that their resuscitation was essential for the general European revival. Somewhat more aid per capita was also directed toward the Allied nations, with less for those that had been part of the Axis or remained neutral. The largest recipient of Marshall Plan money was the United Kingdom (receiving about 26% of the total). The next highest contributions went to France (18%) and West Germany (11%). Some eighteen European countries received Plan benefits. Although offered participation, the Soviet Union refused Plan benefits and also blocked benefits to Eastern Bloc countries, such as Romania and Poland. The United States provided similar aid programs in Asia, but they were not part of the Marshall Plan. Its role in rapid recovery has been debated. The Marshall Plan's accounting reflects that aid accounted for about 3% of the combined national income of the recipient countries between 1948 and 1951, which means an increase in GDP growth of less than half a percent. Graham T. Allison states that "the Marshall Plan has become a favorite analogy for policy-makers. Yet few know much about it." Some new studies highlight not only the role of economic cooperation but approach the Marshall Plan as a case concerning strategic thinking to face some typical challenges in policy, as problem definition, risk analysis, decision support to policy formulation, and program implementation. In 1947, two years after the end of the war, industrialist Lewis H. Brown wrote, at the request of General Lucius D. Clay, A Report on Germany, which served as a detailed recommendation for the reconstruction of post-war Germany and served as a basis for the Marshall Plan. The initiative was named after United States Secretary of State George C. Marshall. The plan had bipartisan support in Washington, where the Republicans controlled Congress and the Democrats controlled the White House with Harry S. Truman as president. Some businessmen feared the Marshall Plan, unsure whether reconstructing European economies and encouraging foreign competition was in the US' best interests. The plan was largely the creation of State Department officials, especially William L. Clayton and George F. Kennan, with help from the Brookings Institution, as requested by Senator Arthur Vandenberg, chairman of the United States Senate Committee on Foreign Relations. Marshall spoke of an urgent need to help the European recovery in his address at Harvard University in June 1947. The purpose of the Marshall Plan was to aid in the economic recovery of nations after World War II and secure US geopolitical influence over Western Europe. To combat the effects of the Marshall Plan, the USSR developed its own economic recovery program, known as the Molotov Plan. However, the plan was said to have not worked as well due to the USSR particularly having been hit hard by the effects of World War II. The phrase "equivalent of the Marshall Plan" is often used to describe a proposed large-scale economic rescue program.
Article Title : Marshall Plan
Article Snippet :an increase in productivity as well as the adoption of modern business procedures. The Marshall Plan aid was divided among the participant states roughly
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The mission of Quantic School of Business and Technology is to offer the most innovative, highest-quality, online education programs that are directly connected to positive career outcomes in business and technology. Quantic seeks to reinvent graduate education for the 21st century, serving as a template for a new kind of school: leveraging pedagogical and technological innovation and a keen understanding of the power of professional networks to deliver best-in-class learning experiences and career outcomes for our students. Quantic offers two accredited degree programs - a Free MBA and an affordable Executive MBA - to ambitious students from around the world. Designed with business professors from top MBA programs, Quantic's revolutionary active learning platform combines interactive, self-guided software with collaborative case studies, discussions, and group projects. The student experience also includes access to library services, paid research databases, resume consultations, and events. Develop core business skills to maximize your career success. As an accelerated 11-month program of study, the MBA is designed for the early-career professional with leadership potential. The award-winning curriculum combines interactive technology and collaborative group study with exceptional classmates around the world, delivered in a structured, yet flexible format. The Quantic MBA is a free, entirely online, accredited MBA. The Quantic MBA offers a solution to two major challenges that business education is facing. First, in light of scrutiny over the cost of an MBA, the Quantic MBA is completely free. Secondly, their MBA is entirely online, capitalizing on demands for online, distance learning programs which offer greater flexibility than campus-based programs. Quantic School of Business & Technology offers what it claims to be the first app-based MBA. It takes around 11 months to complete, with between 150-to-200 students per intake. The program is accredited by the Distance Education Accrediting Commission (DEAC), listed by the US Department of Education as a recognized accrediting agency. Tuition is delivered through an interactive app, using what Quantic dubs the Active Learning method, designed by professors from top MBA programs. The curriculum is self-oriented, allowing you to go through the reading, assignments, and learning at your own pace in your own time
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