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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. [3] The Marshall Plan aid was divided among the participant states roughly on a per capita basis.
The Economic Cooperation Administration (ECA) was a U.S. government agency set up in 1948 to administer the Marshall Plan. It reported to both the State Department and the Department of Commerce. The agency's first head was Paul G. Hoffman, a former leader of car manufacturer Studebaker; he was succeeded by William Chapman Foster in 1950. [1]
The House Select Committee on Foreign Aid, or Herter Committee, was established to study the proposal that had been launched by General George Marshall in his speech at Harvard on June 5, 1947, for a Marshall Plan, in part as Cold War anticommunism, which led future US President Richard Nixon to focus on foreign policy throughout his public career.
After witnessing the misery in Gaza, physician Zaher Sahloul calls for a massive, international rebuilding effort there on par with the post-WWII Marshall Plan. Opinion: Half measures won’t work ...
The Committee for the Marshall Plan, also known as Citizens' Committee for the Marshall Plan to Aid European Recovery, was a short-term organization established to promote passage of the European Recovery Program known as the Marshall Plan – which "fronted for a State Department legally barred from engaging in propaganda."
1 / 6. 11 must-see astronomy events in 2025. The new year will be a busy one in the night sky with celestial sights of all types for everyone to enjoy, many of which can be viewed without needing ...
From January 2008 to April 2010, if you bought shares in companies when Walter E. Massey joined the board, and sold them when he left, you would have a -43.9 percent return on your investment, compared to a -19.7 percent return from the S&P 500.
This week, investors digested bitcoin's rally above $100,000, Intel's leadership shakeup, and monthly jobs data that keeps the Fed on track to cut interest rates.