1. The Marshal Plan
... to the dollar area and elimination of Europe's balance-of-payments deficit with the dollar area; - encouragement of economic cooperation among the European countries, including the international payments system; - removal of quantitative restrictions in foreign trade; - dismantling of tariffs." (Hemmling, H D). With the Foreign Assistance Act of April 3, 1948, the most important section of which was the 1948 Economic Cooperation Act, the Marshall ... coordinate the reconstruction programs of its member countries in preparation for the star of American aid. "Its aims were: - to encourage...
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- Grade Level: Undergraduate