President Truman signs the Marshall plan


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Getting back into foreign affairs, The Marshall plan provided aid to European Nations

Today in 1948, President Harry Truman signs the Economic Assistance Act (EAC) to help European Nation after World War II.  Secretary of  State George Marshall proposed the idea of giving aid to Europe just a year earlier during a speech at Harvard.  The Marshall plan, to which the EAC was commonly called, sought to distribute $13 billion over four years. The funds would be given out as mainly loans to 17 Nations all across Europe. The Marshall plan was just one of several ways the United States would assert itself in foreign affairs.