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jul 1, 1947 - Marshall Plan

Description:

"European Recovery Program"
- By US Secretary George C. Marshall
- launched in July 1947
- implemented in 1948
- OEEC (Organisation for European Economic Cooperation ) established in 1948 to distribute the Marshall Plan
- massive economic aid program to help rebuild post-war Europe
- reasons: Truman doctrine + preoccupations bc of the Prague Coup (AND for economic reasons as it would create them future markets in Europe)

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- economic assistance
- technical expertise
- resources
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- was seen as a way to strengthen those countries against the spread of communism
- was "open" to all European states (--> Soviet Union refused + pressured its "allies" in doing so)
- 13 billion USD (100 billion in todays terms)
- given to 16 countries in total


WHY DID THE USSR REFUSE ?
Molotov ( foreign minister of ussr) shows up to the conference in paris

Soviet intelligence informs stalin about new info on the marshall plan after 6 days in paris – this info confimed that america didnt really want the ussr to be part of the plan, was only for « le geste »

USSR forbade Poland and Czechoslovakia from joining the program

Added to timeline:

3 months ago
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Date:

jul 1, 1947
Now
~ 79 years ago