The Marshall Plan Was The Idea Behind A Speech Made By U.s. Secretary Of State

1106 Words Jan 18th, 2016 null Page
The Marshall Plan was the idea behind a speech made by U.S. Secretary of State, George C. Marshall that suggested that the United States assist Europe with their economic devastation; however, there was no actual “plan.” Once the plan was approved and became the European Recovery Program it lasted from April 1948 to December 1951. During that time there was approximately $12.5 billion dollars given to 12 European countries. The Marshall Plan did have its faults but overall was a success in assisting European economy to get back on its feet. The cost of World War II was immense among the European states. The United States had been sending aid to European states, even before the U.S. joined the war in December of 1941. In August of 1941 the Atlantic Charter, which was a “broad set of liberal principles that Roosevelt and Churchill hoped would guide a post war settlement” (History Unbound), was created. One of the main ideas was to create a “form of international governing body” (History Unbound). This was then accomplished in July 1944 at the conference at Bretton Woods. A global organization was created that would help to regulate world trade and would give funds to the states requiring assistance. This conference “led to the creation of the International Monetary Fund and the International Bank for Reconstruction and Development (the World Bank)” (History Unbound). In his speech to the graduating class of Harvard College, George C. Marshall said that “In considering the…

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