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Economic Cooperation Administration
United States government
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role in Marshall Plan
- In Marshall Plan
Hoffman, the Economic Cooperation Administration (ECA), a specially created bureau, distributed over the next four years some \$13 billion worth of economic aid, helping to restore industrial and agricultural production, establish financial stability, and expand trade. Direct grants accounted for the vast majority of the aid, with…
Read More - In United States: The Truman Doctrine and containment
In 1948 Congress created the Economic Cooperation Administration and over the next five years poured some \$13 billion worth of aid into western Europe. (Assistance was offered to Eastern-bloc countries also, but they were forced by Stalin to decline.) The plan restored economic vitality and confidence to the region, while…
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