The Marshall Plan
The Marshall Plan encouraged nations in Europe to cooperate to achieve economic improvement after World War II. In June of 1947 the United States of America agreed to administer aid to Europe if the countries would come together and decide what they needed in order to recover. The official name of the Marshall Plan is the European Recovery Program. It is named after , then, Secretary of the State, George C. Marshall. The plan began in April of 1948 when Congress established the Economic Cooperation Administration (ECA) to give foreign aid. The United States sent the European nations about thirteen billion dollars in food, machinery, and other things. The aid ended in 1952. Sixteen European nations were helped through the Marshall Plan.
The objective of this plan was to restore war-savaged West European economy and to stimulate economic growth and trade amongst non-Communist countries. In 1961, the O.E.C.D, or Organization for economic Cooperation & Development succeeded the O.E.E.C., or the Organization for European Economic Cooperation. The O.E.C.D. was an association of 34 nations in Europe, North America, and the Pacific Area. It works to "promote the economic and social welfare of its members and coordinates their efforts to aid developing countries."
The objective of this plan was to restore war-savaged West European economy and to stimulate economic growth and trade amongst non-Communist countries. In 1961, the O.E.C.D, or Organization for economic Cooperation & Development succeeded the O.E.E.C., or the Organization for European Economic Cooperation. The O.E.C.D. was an association of 34 nations in Europe, North America, and the Pacific Area. It works to "promote the economic and social welfare of its members and coordinates their efforts to aid developing countries."