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: 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; the Soviet Union, Poland, Czechoslovakia and Hungary did not attend, the latter three withdrawing under pressure from Moscow. The European delegates drafted a reconstruction plan that required $22 billion of credit. Truman whittled this down to $17 billion and sent draft legislation to Congress in early 1948. Isolationists in Congress attempted to block funding for the Marshall Plan. They resented the expenditure of American taxpayers’ money on foreign countries, several of which had defaulted on their wartime debts to the US.