1948 Marshall Plan approval

70 years ago, on April 3, 1948, US President Harry Truman approved the Marshall Plan - the Economic Cooperation Act, which provided for a 4-year program of economic assistance to Europe.

The total amount of appropriations under the Marshall Plan from April 4, 1948 to December 1951 amounted to about 13 billion dollars, including England - 2.8 billion, France - 2.5 billion, Italy - 1.3 billion, West Germany - 1 .3 billion and the Netherlands - $1 billion. Subsequently, the Marshall Plan was extended to Japan and some other East Asian countries. The USSR and the countries of Eastern Europe under its control refused to participate in the Marshall Plan.