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We argue, however, that the Marshall Plan did play a major role in setting the stage for post-World War II Western Europe's rapid growth. The conditions attached to Marshall Plan aid pushed European political economy in a direction that left its post World War II "mixed economies" with more "market" and less "controls" in the mix.
The Mutual Security Act of 1951 was the successor to the Mutual Defense Assistance Act and the Economic Cooperation Act of 1949, which administered the Marshall plan. It became law on 10 October 1951, and created a new, independent agency, the Mutual Security Administration, to supervise all foreign aid programs including military assistance ...
Clayton strongly supported American economic aid to rebuild Europe after World War II and had a major role in shaping the Marshall Plan in 1947. After returning from a meeting at the United Nations Economic Commission for Europe in Geneva in May, Clayton wrote a memo to George Marshall, "The European Crisis," in which he argued that U.S ...
George C. Marshall. On 5 June 1947, George C. Marshall, at the time Secretary of State of the United States of America, gave an address at Harvard University in Cambridge, Massachusetts, where he proposed a plan to aid European recovery after the events of World War II, in the form of financial and economic assistance from the United States.
Kennan played a major role in the development of definitive Cold War programs and institutions, notably the Marshall Plan. Soon after his concepts had become U.S. policy, Kennan began to criticize the foreign policies that he had helped articulate. By late 1948, Kennan became confident that the US could commence positive dialogue with the ...
The Marshall Plan, known as the Economic Cooperation Act, was passed by the U.S. Congress in 1948 to help rebuild Western Europe in the wake of World War Two, partly out of fear of Communist ...
The U.S. had encouraged decolonization throughout World War II, but the start of the Cold War changed priorities. The U.S. used the Marshall Plan to pressure the Dutch to grant independence to Indonesia under the leadership of the anti-Communist Sukarno, and the Dutch recognized Indonesia's
[1] [2] For U.S. foreign policy, it was the first U.S. military foreign aid legislation of the Cold War era, and initially to Europe. [3] 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.