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On April 3, 1948, U.S. President Harry S. Truman signs into law the Foreign Assistance Act, commonly known as the Marshall Plan. Named after U.S. Secretary of State George C. Marshall, the program channeled more than $13 billion in aid to Europe between 1948 and 1951. Meant to spark economic recovery in European countries devastated by World War II, the plan also saved the United States from a postwar recession by providing a broader market for American goods. However, because the USSR prevented countries like Poland and Czechoslovakia from participating, the plan also contributed to the raising of the “Iron Curtain” between Eastern and Western Europe.
Truman signs Marshall Plan - Apr 03, 1948 - HISTORY.com
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Office of the President (POTUS)
Office of the President (POTUS)
Posted >1 y ago
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Thanks for reminding us TSgt Joe C. that on April 3, 1948 President Harry S. Truman signed into law the Foreign Assistance Act, commonly known as the Marshall Plan.
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War is Never Cheap and Never Should be but this was Probably One of the Best Ways to Handle the After Affects. Hang Around a Long Time After and Invest Heavily into the County You Just Defeated. Rebuild It.
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