Tag Archives: 1947

The Marshall Plan

This week in history: on the 5th of June 1947, in a speech before students of Harvard University, U.S. Secretary of State George C. Marshall outlined his plan for the economic recovery of Western Europe post-World War II. In March 1948, the United States Congress passed the Economic Co-Operation Act (or Marshall Plan) which would provide over $12 billion of aid to Europe during the subsequent four years.