Episode 102: 1948 - the Marshall Plan

On April 3, 1948, President Harry Truman signed the Economic Recovery Act of 1948, aka the Marshall Plan. Named after Secretary of State George Marshall, who in 1947 proposed that the United States provide economic assistance to restore the economic infrastructure of postwar Europe, the Plan contributed $13.3 billion in aid to 16 European nations between 1948 and 1951. The successful design, planning and execution of the Plan has been a role model for several development plans across the globe.