The 1947 Marshall Plan was one of the most successful United States foreign policy initiatives during the Cold War period. Former Secretary of State and Harvard historian Henry Kissinger used it as an example to demonstrate positive outcomes when nations work together out of common necessity and in view of a common foe. Senator J. William Fulbright wrote that the Marshall Plan stopped the Soviet Union from possibly taking over Western Europe “through the manipulation of Communist parties, military intimidation, economic strangulation, and even more direct military action.”
Proposing the Marshall Plan
Speaking at Harvard University June 5, 1947, Secretary of State George Marshall presented the Marshall Plan and the rationale for its immediate implementation. Marshall had been to Europe and witnessed the deprivations still evident from years of war. These were serious problems that could derail European recovery efforts while playing into the hands of Stalin and the emergent Communist parties.
Marshall’s report of the Fourth Session of the Council of Foreign Ministers, April 28, 1947, detailed the cataclysmic nature of the European economies. Marshall used coal production to highlight the problems: “less coal means less employment for labor and a consequent delay in the production of goods for export to bring money for the purchase of food and necessities.”
