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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.
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.
Further, the U.S. Marshall Plan (the European Recovery Plan) was aimed at reviving the economies of western Europe, including west Germany. To address French concerns, the International Authority for the Ruhr (IAR) was announced at the London Six-Power Conference in June 1948 as part of the plan to establish the Federal Republic of Germany. [10]
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
The final version of the document "was purged of the most important elements of the Morgenthau Plan." [20] The restrictions placed on German heavy industry production were thus partly ameliorated, as permitted steel production levels were raised from 25% of pre-war capacity [4] [5] to a new limit placed at 50% of pre-war capacity. [21]
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 ...
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 ...
[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.