USA HISTORY

Detailed explanation-1: -On April 3, 1948, President Truman signed the Economic Recovery Act of 1948. It became known as the Marshall Plan, named for Secretary of State George Marshall, who in 1947 proposed that the United States provide economic assistance to restore the economic infrastructure of postwar Europe.

Detailed explanation-2: -Marshall spoke of an urgent need to help the European recovery in his address at Harvard University in June 1947. The purpose of the Marshall Plan was to aid in the economic recovery of nations after World War II and secure US geopolitical influence over Western Europe.

Detailed explanation-3: -George Catlett Marshall (December 31, 1880-October 16, 1959), America’s foremost soldier during World War II, served as chief of staff from 1939 to 1945, building and directing the largest army in history.

Detailed explanation-4: -Marshall proposed the extension of massive economic assistance to the devastated nations of Europe, saying that the policy of the United States was not directed “against any country or doctrine but against hunger, poverty, desperation, and chaos.

Detailed explanation-5: -Truman Approves the Marshall Plan President Harry Truman signed the Marshall Plan on April 3, 1948, and aid was distributed to 16 European nations, including Britain, France, Belgium, the Netherlands, West Germany and Norway.