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Marshall Plan
>> Marshall Plan Home >> Timeline
35 Timeline: Historical Perspective on U.S. Foreign Assistance
March 31, 1942
Institute of Inter-American Affairs formally established -- first technical assistance by United States.
November 9, 1943
Agreement signed to furnish aid to war-ravaged countries through UN Relief and Rehabilitation Administration.
December 27, 1945
International Monetary Fund (IMF) and International Bank for Reconstruction and Development (World Bank) formed.
May 15, 1947
Congress approves economic and military aid to Greece and Turkey.
June 5, 1947
Secretary of State Marshall's speech voices U.S. interest in rebuilding European economies.
April 3, 1948
Truman signs Economic Cooperation Act (Marshall Plan) creating Economic Cooperation Administration.
January 20, 1949
President Truman's Point IV inauguration speech.
June 1, 1950
Act for International Development (Point IV) creates authority for Technical Cooperation Administration.
June 30, 1950
Termination of Marshall Plan.
October 31, 1951
Mutual Security Act of 1951 unites military and economic programs and technical assistance, Mutual Security Agency established.
July 10, 1954
Public Law 480 authorizes sale and use of U.S. surplus foods for economic development.
March 1, 1961
Peace Corps created.
March 13, 1961
President Kennedy calls on people of hemisphere to join in an "Alliance for Progress."September 4, 1961
Foreign Assistance Act combines International Cooperation Administration, Development Loan Fund and other U.S. assistance functions.
November 4, 1961
U. S. Agency for International Development created (USAID).
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Last Updated on: June 27, 2002 |
