On 5 June, General George Marshall proposed the idea of a U.S. plan to help rebuild Europe. It was feared that widespread poverty, unemployment, and dislocation could aid the Soviet Union. On 3 April 1948, President Harry Truman signed the European Recovery Act, otherwise known as the Marshall Plan. As finally constituted, aid was given to 17 European countries. U.S. aid was originally offered to all Europeans, including those under Soviet occupation. However, the Soviet Union and its satellites withdrew from the plan early on. In total, the U.S. Economic Co-operation Administration provided European countries $13 billion over four years.
We have have no profile for this entry. If you are a qualified scholar and you wish to write for The Literary Encyclopedia, please click here to contact us.
Richert, Lucas Paul. "Marshall Plan, The". The Literary Encyclopedia. First published 01 October 2008
[https://www.litencyc.com/php/stopics.php?rec=true&UID=1537, accessed 17 January 2018.]