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George Marshall Outlines the plan
George Marshall gave a speech about the outline of the marshall plan at Harvard University. He proposes massive U.S. aid to rebuild Europe after World War ll -
U.S. Congress approves
The U.S. Congress approves the Economic cooperation Act, officially launching the Marshall plan. -
European Nations meet
The European Nations meet to discuss the plan and create the CEEC ( Committee of European Economic Co-operation) 16 Nations meet to begin planning the use of U.S. aid and organize the CEEC. -
Economic Cooperation Act introduced to congress
The legislation to authorize the Marshall plan is formally submitted for debate and approval -
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First Shipments of aid begins
Food, fuel, and raw materials start arriving in Europe. Countries like France, The UK, and West Germany are among the first recipients -
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Implementation period
Over 12 billion (more than 140 Billion in today's dollars) is distributed to 16 European countries -
Marshall plan ends
The program concludes, having significantly contributed to the rapid economic recovery of Western Europe