apr 3, 1948 - Marshall Plan
Description:
Description: The Marshall Plan passed in 1948 to provide foreign aid to Western Europe. The US transferred over more than 13 billion dollars in economic recovery programs to Western European economies after the end of World War II.Significance: The plan was significant since it involved efforts to stimulate economic growth in a nearly bankrupt post-world war II Europe, to prevent the spread of communism beyond the “iron curtain,” and encourage development of a healthy and stable world economy.
Added to timeline:
Date:
apr 3, 1948
Now
~ 77 years ago