George Marshall: Marshall Plan Speech

(1947)

On June 5, 1947, in a commencement address at Harvard University, U.S. General George C. Marshall announced the Marshall Plan, or the European Recovery Program, designed to aid in the economic rehabilitation of Europe after World War II. Marshall was a career army officer who served as chief of staff during World War II and later as secretary of state and secretary of defense. Fearing the expansion of Soviet Communism into Western Europe and further expansion into Eastern Europe if the European economy was not stabilized, U.S. officials allocated approximately $13 billion to...

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The Marshall Plan (National Archives and Records Administration)

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