70 years after its implementation, the marshall plan continues to be held up as the gold standard of american foreign policy and mined for. On june 5, 1947, american secretary of state george c marshall delivered a speech at harvard university calling for a plan to help europe. The answer, of course, was the marshall plan, which one contemporary historian calls the defining moment of the early cold war. Before george marshall transformed american foreign policy in europe, he lost a major political fight in china.
The marshall plan was produced as a program for the urgent recovery for european economy and improvement of living standards, as well as. The marshall plan and the establishment of the oeec at the same time, the us secretary of state, george c marshall, was concerned at the economic. Benn steil highlights ten intriguing facts about the marshall plan (officially the european recovery program) and how it shaped the decades.
The marshall plan was another name for the european recovery plan (erp), a massive aid program for the reconstruction of post-war europe. Marshall plan or european recovery program, project instituted at the paris economic conference (july, 1947) to foster economic recovery in certain european. In place until 1951, the marshall plan made possible the economic recovery of a continent devastated by world war ii it was brilliantly designed to succeed. Old myths die hard, and the marshall plan is one of them in the new york times of june 12th german economist hans-werner sinn invokes.
George marshall and the marshall plan after world war ii, george marshall thought his service to his country was over he was wrong the day after his. From 1945 through 1947, the united states was already assisting european economic recovery with direct financial aid military assistance to greece and. Former us secretary of state henry kissinger reflects on predecessor george c marshall's commencement address at harvard in 1947,. The marshall plan was an audacious, innovative strategy to tackle the most pressing challenges of its time in 1947, europe was reeling from.
The marshall plan was a us program providing aid to western europe following the devastation of world war ii it was enacted in 1948 and provided more than. The european reconstruction plan (erp), also called the marshall plan after the us secretary of state who introduced it, has been. Everything you wanted to know about the marshall plan, including summary, analysis, meaning, main idea, and more. With the truman administration's announcement of the marshall plan in june 1947, and the signing of the european recovery act on april 3,.
Us president harry truman signed off on the marshall plan exactly 70 years ago today his signature saw america's bold strategy for the. Speech by george c marshall, european initiative essential to economic recovery june 5, 1947 view (2 pages) | (pdf) clinton anderson to d a fitzgerald,. The marshall plan and its consequences by dr john provan, kelkheim/ts marshall as secretary of state 1948 (photo: truman library) the conception. Of the seventeen western european countries which benefited from marshall aid extended by america between 1948 and 1952 within the framework of the.
Officially known as the european recovery program (erp), the marshall plan was intended to rebuild the economies and spirits of western europe, primarily. Initially announced in 1947, the marshall plan was a us-sponsored economic- aid program to help western european countries recover. The marshall plan replaced the world bank's intervention since the us came to the conclusion that reconstruction gifts to europe would be.
A country in motion the marshall aid reasons for emigration from bos en lommer to quang tri, by way of minnesota rock and roll in tulip country. The punitive morgenthau plan, a precursor to the marshall plan, even sought to drive germany into the ground a debilitated germany, however, wasn't in the. Marshall plan: detailed examination of the marshall plan, the us-sponsored program that was designed to rehabilitate the economies of 17 european.