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The Marshall Plan was implemented in West Germany (1948–1950), as a way to modernize business procedures and utilize the best practices. As a major prerequisite for delivery of aid, the Currency Reform of 1948 was implemented on June 20.
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]
Texas; Utah; Vermont; Virginia; ... The new United Nations headquarters officially opens in New York City. January 17 ... Marshall Plan (1948–1951) Korean War (1950 ...
Paul Gray Hoffman (April 26, 1891 – October 8, 1974) was an American automobile company executive, statesman, and global development aid administrator. He was the first administrator of the Economic Cooperation Administration, where he led the implementation of the Marshall Plan from 1948 to 1950.
The 1947 U.S. Friendship Train collected foodstuffs from American donors for transport to the people of France and Italy.Contemporaneous with the Marshall Plan, it provided desperately needed assistance in the aftermath of World War II, but was primarily a token gesture of goodwill, with stops across the U.S. ending at New York City, where it was received with a ticker tape parade prior to ...
The History of Marshall, Texas follows the State from its founding as an administrative center of the Republic of Texas, through its rise to be one of the largest cities in the early State of Texas, to its emergence as a major Confederate city, to its establishment as a major railroad hub of the United States in the late 19th century, through its national influence on the American Civil Rights ...
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Cities were not able to produce enough goods to trade with resource-producing areas and unable to feed their citizens. The Soviet Union took control of Eastern Europe, which threatened Western Europe. The "Marshall Plan" was suggested by US Secretary of State George Marshall in 1947. The intention was for the US to provide financially for ...