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The Marshall Plan aimed to defend against the threat of communism in Western Europe and to ensure that the post-war American Economy was not sent into recession by unfavorable economic conditions. .(Young & Kent, 74) It was thus partially geared to the requirements of US businesses and to the problems facing the American economy, which had expanded dramatically during the second world war.
On June 5, 1947 in a commencement address at Harvard University, Secretary of State George C. Marshall first called for American assistance in restoring the economic infrastructure of Europe.(Young & Kent, 74) Later that month, a conference was held in Paris by the British, French and Soviet foreign ministers where they were expected by the Americans to coordinate a more specific response to Marshall’s initial proposal...
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