Title: Marshall Plan
Headings: Marshall Plan
Marshall Plan
Introduction
Background
The Economic Cooperation Act
Non-European countries affected

Content: Until that visit, the American government recognized only the Nationalist government on Taiwan as the legitimate government of China. The Marshall Plan benefited the American economy as well. Marshall Plan money was used to buy goods from America, and the goods had to be shipped across the Atlantic on American merchant vessels. By 1953 America had pumped in $13 billion, and Europe was on the way to standing on its feet again. The aid was economic in nature; it did not include military aid until after the Korean War. Japan, the World War II adversary of the U.S. in the Far East, had to be rescued from the threat of communist revolution. Under the administrative leadership of Douglas MacArthur and American economic aid, it was put back on its feet. The same consideration applied to South Korea and Taiwan. The former had communist North Korea as its neighbor.