Modern Era · Europe · Politics

1948

Marshall Plan signed

April 3, 1948

The United States committed thirteen billion dollars to rebuild war-shattered Western Europe, with strings attached: no communists in government, open markets for American goods. The money rebuilt ports, factories, railways, and shattered economies across sixteen nations, and made Europeans firmly pro-American for a generation. Stalin forbade his satellites to take a cent, deepening the continent's Cold War divide.

In context
Also in 1948 (6 other events on record)
Era

Modern Era (1901–2000), one of 590 events from that era on Saeculum.