Title: The Marshall Plan
Headings: The Marshall Plan
The Marshall Plan
Contents
First post-war aid
The plan unveiled
Negotiating with Europe
Conditions on aid
Advantages for the US and Europe

Content: The plan unveiled
The European Recovery Program (ERP) was promulgated in June 1947. It became known as the ‘Marshall Plan’ after its chief promoter, Secretary of State George Marshall. Marshall explained the ERP in a June 1947 speech to Harvard University students: “Aside from the demoralising effect on the world at large and the possibilities of disturbances arising as a result of the desperation of the [European] people concerned, the consequences to the economy of the United States should be apparent to all. It is logical that the United States should do whatever it is able to do to assist in the return of normal economic health to the world, without which there can be no political stability and no assured peace. Our policy is not directed against any country, but against hunger, poverty, desperation and chaos. Any government that is willing to assist in recovery will find full co-operation on the part of the United States of America. Its purpose should be the revival of a working economy in the world so as to permit the emergence of political and social conditions in which free institutions can exist.” Negotiating with Europe
American leaders scheduled a conference for July 1947 in Paris, to negotiate an aid package for rebuilding Europe and its economies. Delegates attended from 16 European countries;