The Marshall Plan: Rebuilding Europe (Pathfinder Magazine, 1947)
The Marshall Plan was a U.S. Government aid program that was instrumental in the reconstruction and economic resurrection of 16 Western European nations following the devastation caused by the Second World War. It is named for Secretary of State George C. Marshall, who co-authored the initiative with the help of the prominent business leader William Clayton, and the American diplomat George F. Kennan.
The attached article concerns the first draft of the scheme that was drawn-up by Marshall and the representatives of these 16 nations during the Summer/Fall of 1947. The amount of cash to be distributed (and paid back over a period of 30 years) was $22.44 billion.
Marshall knew that such an economic stimulant (and the liberties that would follow) would serve to guarantee that Western Europe would not fall into clutches of the Soviet Union.
To read about the Soviet reaction to the Marshall Plan, Click here
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