Marshall Plan

• The Marshall Plan provided essential aid to Western Europe after World War II.
• It aimed to rebuild the economies of Western European countries and prevent the spread of Soviet communism.
• The plan was approved by Congress on April 3, 1948.
• The Marshall Plan allocated billions of dollars in aid to help European countries modernize their industries, increase production and combat inflation.
• The European Recovery Program (ERP) provided $5 billion over four years to aid the economic recovery of Western Europe.
• The plan was designed to rebuild Western Europe's infrastructure, promote economic growth, and prevent the spread of communism.
• The Marshall Plan provided financial assistance to European countries through grants rather than loans, with the goal of promoting self-sufficiency and reducing dependence on American aid.
• The program aimed to restore production levels to pre-war conditions within two years and promote long-term growth through increased productivity and trade.
• The Marshall Plan also included provisions for trade liberalization, such as lowering tariffs and removing quotas, which helped increase international trade and stimulate economic growth.
• The plan was named after George C. Marshall, who served as Secretary of State under President Harry S. Truman.
• It helped rebuild infrastructure, promote economic growth, and prevent the spread of communism.
• Marshall's speech at Harvard University on June 5, 1947 proposed a European recovery program that would require $20 billion over four years.
• The United States contributed $12 billion over four years (equivalent to about $150 billion today).
• The ERP helped stabilize currencies, reduce unemployment, and promote trade among participating nations.
• The Marshall Plan helped stabilize currencies, increase trade, and promote economic growth in Western Europe.
• Marshall's speech at Harvard University on June 5, 1947, outlined his proposal for economic assistance to war-torn nations in Europe.
• The Marshall Plan provided financial support to countries affected by World War II, with the goal of promoting economic recovery and preventing the spread of communism.
• The Marshall Plan was named after George C. Marshall, who served as Secretary of State under President Harry S. Truman.
• The Marshall Plan was implemented from 1948-1952 and had significant impacts on international relations during this time period.
• The plan aimed to restore economic stability and promote long-term economic development through investment in infrastructure, education, and training programs.
• The plan aimed to restore prosperity and stability in Europe by providing financial aid and technical expertise.

  
• A cartoon by Roy Justus, commenting on the Marshall Plan, published in an American

  newspaper, “Minneapolis Star”, 1947.