The Marshall Plan

In June 1947, Secretary of State George C. Marshall proposed that the United States provide funds to help Europe recover from the destruction caused by World War II. To receive the aid, European nations had to agree on a cooperative plan to solve their common economic and infrastructure problems. In April 1948, President Harry Truman signed a law that established the European Recovery Program. Popularly known as the Marshall Plan, it provided support for European agricultural and industrial production, boosted exports, strengthened European currencies, and helped limit the Soviet Union's growing influence in Europe. By successfully distributing more than ＄12 billion in aid, the Marshall Plan ensured European recovery and encouraged greater cooperation and unity among European nations. This new title delves into the plan that transformed a war-ravaged Europe into a continent of vibrant economies.