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The Epic Interactive Encyclopedia 1997
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1992-09-02
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A programme of US financial aid to Europe,
set up at the end of World War II, totalling
$13,000 billion 1948-52. Officially known as
the European Recovery Programme, it was
announced by Secretary of State George
Marshall in a speech at Harvard in June 1947,
but it was in fact the work of a State
Department group led by Dean Acheson. The
danger of communist takeover in postwar
Europe was the major motivation for the aid
effort.