Video: 'The Marshall Plan Speech (video presentation by the Marshall Foundation)'

(Thursday, June 5, 1947, 2:50 p.m. EDT; during the Cold War) — U.S. Secretary of State George Marshall gave a speech today at Harvard University in which he outlined the Marshall Plan (officially the European Recovery Program, ERP), an American initiative to aid Western Europe, in which the United States would give over $13 billion in economic support to help rebuild Western European economies after the end of World War II.

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