It led to the creation of the organisation for european economic cooperation oeec on 16 april 1948, in order to meet marshall s request for some agreement among the. The marshall plan speech at harvard university, 5 june 1947. Below is text from the speech he gave at harvard university on 5 june 1947. It became known as the marshall plan, named for secretary of state george marshall, who in 1947 proposed that the united states provide economic assistance. This was a program of economic aid offered by the united states to any european country. Replacing an earlier proposal for a morgenthau plan, it operated for.
A basic description of how the marshall plan was implemented is provided but the focal point is a consideration of the impact of american aid on european growth. The marshall plan for rebuilding western europe constitutional. The marshall plan, also known as the european recovery program, was a u. The marshall plan officially the european recovery program, erp was an american initiative passed in 1948 for foreign aid to western europe. America, britain, and the reconstruction of western europe, 19471952.
Marshall insisted that the plan must establish an independent economy, a reasonable standard of living, and the elimination of trade barriers for the whole of. The marshall plan launched in a speech delivered by secretary of state george marshall on june 5, 1947is considered by many to have. Pdf on jan 1, 2012, jacob magid and others published the marshall plan find, read and. On 5 june 1947, speaking to the graduating class at harvard university. While some revisionist economists have argued variously that europe was already recovering on its own in 1947 and did not require marshall plan assistance andor that the marshall plan represented too small a proportion of each. On june 5, 1947, in a commencement address at harvard university, secretary of state george c. I am profoundly grateful, touched by the great distinction and honor and great compliment accorded me by the authorities of harvard this morning. Without the marshall plan, what would have happened to europe, and indeed the world, in the aftermath of world war ii.
Embassy website in germany celebrating the 50th anniversary of the marshall plan. Marshall to rehabilitate the economies of 17 western and southern european countries in order to create stable conditions in which democratic institutions could survive. Conant, members of the board of overseers, ladies and gentlemen. Marshall was a career military officer and had headed the. The marshall plan documentary full version duration. Marshall plan, formally european recovery program 194851, u. Eastern europe, in effect a continuation of the marshall plan. The marshall plan 1947 1951 by theodore wilson pamphlet, marking the 30th anniversary of the marshall plan, originally published in the headlines series by the foreign policy association.
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