On June 5, 1947, US Secretary of State George Marshall delivered one of the most important speeches of the 20th century at Harvard University. In this speech, Marshall presented an ambitious plan for the economic relief of World War II-ravaged Europe, which would later be called the Marshall Plan. After the end of World War II in 1945, Europe found itself in a state of unprecedented economic disaster. Infrastructure was broken, cities were destroyed, and the economies of most countries had collapsed. The urgent need for financial aid was evident and the stability of the region was at risk. Realizing this critical situation, George Marshall delivered a speech at Harvard in which he proposed a broad relief plan for Europe. He pointed out that Europe's economic recovery was vital not only for the continent itself but also for global peace and security. The basic idea was that America would provide financial aid for the […]
Source: News Beast
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