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I. Briefly introduce the process of Marshall Plan. (4 Parts: The Speech, Rejection by
1. The speech
presenter)
b. described the dysfunction of the European economy & presented a rationale for
US aid.
d. call for the European to meet & create their own plan for rebuilding Europe & that
The Americans were pushing the importance of free trade & European unity to form
16 nations met in Paris to determine what form the American aid would take, and
2> Number of American aid (asked $22bl, expected $17bl and actual got $12.4bl)
3> Marshall Plan put into law (a new economic organization established, ECA, and
especially with the US, whose economic interest required Europe to become wealthy
4. Implementation
Basic information
The first substantial aid went to Greece and Turkey in Jan. 1974, The Marshall Plan
aid was mostly used for the purchase of goods from the US. In the latter years,
under pressure from the US congress & with the outbreak of the Korean War, an
increasing amount of the aid was spent on rebuilding the militaries of Western
Europe.