The Council For Mutual Economic Assistance is known by what acronym?
Cuban economic reforms the Peso, increase in output and productivity, and in an improvement in the fiscal deficit. The Cuban Economy faced its lowest recessions during the War of Independence, 1890s, The Great Depression, 1930s, The Socialist Revolution, 1960s, and the dissolution of the Soviet Union, 1990s. As tensions between Cuba and the United States increased following the Bay of Pigs Invasion and Cuba Missile Crisis, Cuba increasingly turned to the Soviet Union for economic and military aid. From 1970-1980, the Soviet Union was fully immersed in Cuba's economic affairs. In 1972, Cuba joined the Council for Mutual Economic Assistance, COMECON, and by
Mutual Defense Assistance Act Mutual Defense Assistance Act The Mutual Defense Assistance Act was a United States Act of Congress signed by President Harry S. Truman on 6 October 1949. For US Foreign policy, it was the first U.S. military foreign aid legislation of the Cold War era, and initially to Europe. The Act followed Truman's signing of the Economic Cooperation Act (the Marshall Plan), on April 3, 1948, which provided non-military, economic reconstruction and development aid to Europe. The 1949 Act was amended and reauthorized on July 26, 1950. In 1951, the Economic Cooperation Act and Mutual Defense Assistance Act were succeeded by