Comments posted organically
SelectSmart.com Homepage
Another good history lesson !!

By islander
June 5, 2022 5:10 am
Category: History

(0.0 from 0 votes)
SelectSmart.com SelectSmart.com SelectSmart.com

Share
Rules of
the Post

Rate this article
5 Stars
4 Stars
3 Stars
2 Stars
1 Star
0 Stars
(5=best, 0=poor)


"June 4, 2022 (Saturday)

The Gettysburg Address it wasn’t.

Seventy-five years ago, on June 5, 1947, Secretary of State George C. Marshall, who had been a five-star general in World War II, gave a commencement speech at Harvard University.

Rather than stirring, the speech was bland. Its long sentences were hard to follow. It was vague. And yet, in just under eleven minutes on a sunny afternoon, Marshall laid out a plan that would shape the modern world.
“The truth of the matter is that Europe's requirements for the next three or four years of foreign food and other essential products—principally from America—are so much greater than her present ability to pay that she must have substantial additional help or face economic, social, and political deterioration of a very grave character,” he said. “It is logical that the United States should do whatever it is able to do to assist in the return of normal economic health in the world, without which there can be no political stability and no assured peace. Our policy is directed not against any country or doctrine but against hunger, poverty, desperation and chaos. Its purpose should be the revival of a working economy in the world so as to permit the emergence of political and social conditions in which free institutions can exist.”

In his short speech, Marshall outlined the principles of what came to be known as the Marshall Plan to rebuild Europe in the wake of the devastation of World War II. The speech challenged European governments to work together to make a plan for recovery and suggested that the U.S. would provide the money. European countries did so, forming the Organization for European Economic Co-operation (OEEC) in 1948. From 1948 to 1952, the U.S. would donate about $17 billion to European countries to rebuild, promote economic cooperation, and modernize economies. By the end of the four-year program, economic output in each of the countries participating in the Marshall Plan had increased by at least 35%.
This investment helped to avoid another depression like the one that had hit the world in the 1930s, enabling Europe to afford goods from the U.S. and keeping low the tariff walls that had helped to choke trade in the crisis years of the 1930s. Marshall later recalled that his primary motivation was economic recovery, that he had been shocked by the devastation he saw in Europe and felt that “[i]f Europe was to be salvaged, economic aid was essential.”

But there was more to the Marshall Plan than money."


To read the rest click on the link.


Cited and related links:

  1. heathercoxrichardson.substack.com

Comments Start Below


The views and claims expressed by contributors are their own and do not necessarily reflect the views and beliefs of SelectSmart.com. Not every statement made here can be assumed to be a fact.
Comments on "Another good history lesson !!":

  1. by HatetheSwamp on June 5, 2022 5:36 am

    Truly, one of our finest hours.


Go To Top

Comment on: "Another good history lesson !!"

* Anonymous comments are subject to approval before they appear. Cookies Consent Policy & Privacy Statement. All Rights Reserved. SelectSmart® is a registered trademark. | Contact SelectSmart.com | Advertise on SelectSmart.com | This site is for sale!

Find old posts & articles

Articles by category:

SelectSmart.com
Report spam & abuse
SelectSmart.com home page


From our contributors:
Display Order:

Biden Resides Over Best Employment Numbers of Any Four Year President In Only Two Years
Charmed by Ponderer     February 3, 2023 3:47 pm (Rating: 0.0) Last comment by: HatetheSwamp (17 comments) [209 views]


Chinese spy balloons invaded American airspace three times during the Trump presidency
President by Curt_Anderson     February 5, 2023 9:18 am (Rating: 0.0) Last comment by: HatetheSwamp (14 comments) [312 views]


Most Democrats Don’t Want Biden To Run In 2024, AP-NORC Poll Finds
President by HatetheSwamp     February 6, 2023 4:55 am (Rating: 0.0) Last comment by: HatetheSwamp (2 comments) [43 views]


A New Book that Curt Really Ought to Read
Books by oldedude     February 2, 2023 7:19 pm (Rating: 0.0) Last comment by: oldedude (45 comments) [559 views]


DeSantis Admin Revokes Liquor License of Orlando Venue That Hosted Sexual Drag Show for Children
Gay & Lesbian by HatetheSwamp     February 5, 2023 11:54 am (Rating: 0.0) Last comment by: Curt_Anderson (4 comments) [56 views]


Koch Political Machine Vows to Fight to Deny Trump GOP Nomination in 2024
Politics by Curt_Anderson     February 5, 2023 11:05 am (Rating: 0.0) Last comment by: HatetheSwamp (1 comments) [29 views]


Would "that feckless dementia-ridden piece of crap" have ever acknowledged the Chinese Balloon had he not been busted by an amateur photographer?
President by HatetheSwamp     February 5, 2023 5:21 am (Rating: 0.0) Last comment by: HatetheSwamp (11 comments) [89 views]


How Republicans see the Chinese balloon.
Personality by Curt_Anderson     February 5, 2023 10:24 am (Rating: 0.0) Last comment by: HatetheSwamp (1 comments) [40 views]


The Chinese Balloon was shot down a few miles from pb
Military by HatetheSwamp     February 4, 2023 1:36 pm (Rating: 0.0) Last comment by: Donna (16 comments) [162 views]


The power of disinformation
History by islander     February 5, 2023 8:06 am (Rating: 0.0) Last comment by: (0 comments) [28 views]


History selectors, pages, etc.