apr 3, 1948 - Marshall Plan
Description:
American initiative for foreign aid to Western EuropeUnited States transferred over $12 billion in economic recovery programs to Western European economies
Wanted to prevent communism by making sure European countries weren't desperate
Very successful, the western European countries involved experienced a rise in their gross national products of 15 to 25 percent during this period
Added to timeline:
Date:
apr 3, 1948
Now
~ 77 years ago