55 Years Young.
Today marks the 55th anniversary of the signing of the Foreign Assistance Act of 1948, also known as the Marshall Plan. In honor of this multiple-of-11 anniversary, the New York Times makes available its original article from that very day.
In the first year alone, the Plan spread $5 Billion in aid to 16 European nations. This was 14% of the total federal budget. What kind of commitment will we show to post-war Iraq? And will the future Iraqi government be allowed similar freedom with aid funding?
Guess which of the following nations did not receive funding under the Marshall Plan (answer at very bottom of page): Austria, Belgium, Denmark, France, Greece, Iceland, Ireland, Italy, Luxembourg, The Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Turkey, the United Kingdom, or western Germany?
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