The Marshall Plan is born
The purpose of the Economic Cooperation Act of 1948, known as the Marshall Plan, was to restore sound economic conditions in European countries following the devastation of the Second World War. The economic assistance of the United States was vital to the plan’s success. It was believed that Europe’s economic recovery was central to establishing a lasting peace. President Harry S. Truman signed it on April 3, 1948. The first and last pages of this 22 page Act are shown here.
National Archives, General Records of the United States Government