Search results
Results From The WOW.Com Content Network
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.
Marshall Plan expenditures by country. The Marshall Plan was launched by the United States in 1947–48 to replace numerous ad hoc loan and grant programs, with a unified, long-range plan to help restore the European economy, modernize it, remove internal tariffs and barriers, and encourage European collaboration. It was funded by the ...
As the United States was initiating the Marshall Plan, Kennan and the Truman administration hoped that the Soviet Union's rejection of Marshall aid would strain its relations with its Communist allies in Eastern Europe. [4] Kennan initiated a series of efforts to exploit the schism between the Soviets and Josip Broz Tito's Yugoslavia. Kennan ...
Clark Clifford had suggested to Truman that the plan be called the Truman Plan, but Truman immediately dismissed that idea and insisted that it be called the Marshall Plan. [94] [95] The Marshall Plan would help Europe rebuild and modernize its economy along American lines and open up new opportunities for international trade. Stalin ordered ...
Military aid was not part of the plan. [18] The Marshall Plan ended in December 1951. [19] The United States government gave out about $12.5 billion under the Plan during its three-and-a-half-year existence. The countries receiving the most were Great Britain ($3.3 billion), France ($2.3 billion) and West Germany ($1.4 billion). [20]
Compared to America's 1948 GDP of $258 billion and total Marshall plan expenditure (1948-1952) of $13 billion, of which Germany received $1 billion in loans and $400 million as a grant). The US competitors of German firms were encouraged by the occupation authorities to access all records and facilities. [32]
The 80th Congress did however pass several significant bills with bipartisan support, most famously the Truman Doctrine (on Greece-Turkey anti-communists aid in developing Cold War with former ally Soviet Union), the Marshall Plan (aid for devastated Europe after World War II), and the Taft–Hartley Act of 1947 on labor relations (over Truman ...
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]