On April 3, 1948, U.S. President Harry S. Truman signs into law the Foreign Assistance Act, commonly known as the Marshall Plan. Named after U.S. Secretary of State George C. Marshall, the program channeled more than $13 billion in aid to Europe between 1948 and 1951. Meant to spark economic recovery in European countries devastated by World War II, the plan also saved the United States from a postwar recession by providing a broader market for American goods. However, because the USSR prevented countries like Poland and Czechoslovakia from participating, the plan also contributed to the raising of the "Iron Curtain" between Eastern and Western Europe.
Also on This Day
- Lead Story
- Pony Express debuts, 1860
- American Revolution
- Congress authorizes privateers to attack British vessels, 1776
- Automotive
- "Fast & Furious" is top opening-day car movie, 2009
- Civil War
- Confederate capital of Richmond is captured, 1865
- Cold War
- Truman signs Foreign Assistance Act, 1948
- Crime
- Jesse James is murdered, 1882
- Disaster
- Series of deadly twisters hits U.S. heartland, 1974
- General Interest
- Jesse James shot in the back, 1882
- Bruno Hauptmann executed, 1936
- Truman signs Marshall Plan, 1948
- Unabomber arrested, 1996
- Ron Brown killed in plane crash, 1996
- Hollywood
- Annie Hall beats out Star Wars for Best Picture, 1978
- Literary
- ACLU says it will contest obscenity of HOWL, 1955
- Music
- The Louisiana Hayride radio program premieres on KWKH-AM Shreveport, 1948
- Old West
- Texas Ranger "Big Foot" Wallace born, 1817
- Presidential
- President Harry Truman signs Marshall Plan, 1945
- Sports
- Lemieux wins NHL scoring title, stops Gretzky streak, 1988
- Vietnam War
- Nixon administration will "Vietnamize" the war, 1969
- Nixon orders response to North Vietnamese invasion, 1972
- World War I
- Ferdinand Foch becomes supreme Allied commander, 1918
- World War II
- Japanese launch major offensive against Bataan, 1942
Truman signs Marshall Plan
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This Week in History, Apr 3 - Apr 9
- Apr 03, 1882
- Jesse James shot in the back
- Apr 03, 1936
- Bruno Hauptmann executed
- Apr 03, 1948
- Truman signs Marshall Plan
- Apr 03, 1996
- Unabomber arrested
- Apr 03, 1996
- Ron Brown killed in plane crash
- Apr 04, 1841
- President Harrison dies after one month in office
- Apr 04, 1918
- Second Battle of the Somme ends
- Apr 04, 1949
- NATO established
- Apr 05, 1951
- Rosenbergs sentenced to die
- Apr 05, 1955
- Winston Churchill resigns
- Apr 05, 1992
- Abortion rights advocates march on Washington
- Apr 06, 1830
- Mormon Church established
- Apr 06, 1909
- Peary's expedition reaches North Pole?
- Apr 06, 1917
- America enters World War I
- Apr 07, 1953
- Hammarskjold elected U.N. head
- Apr 07, 1963
- Tito is made president for life
- Apr 07, 2012
- Longtime “60 Minutes” journalist Mike Wallace dies
- Apr 08, 563 B.C.
- Buddhists celebrate birth of Gautama Buddha
- Apr 08, 1935
- WPA established by Congress
- Apr 08, 1953
- Kenyatta jailed for Mau Mau uprising
- Apr 09, 1939
- Marian Anderson sings at Lincoln Memorial
- Apr 09, 1940
- Germany invades Norway
- Apr 09, 1959
- First astronauts introduced
- Apr 09, 2005
- Prince Charles and Camilla Parker Bowles wed
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