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For European Recovery:
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Benefits for the U.S. Economy
Because Americans feared that after World War II the financial troubles and unemployment of the 1930s could recur, increasing prosperity in the U.S. was one goal of the Marshall Plan. As a way of boosting exports, the plan had wide appeal to American business people, bankers, workers, and farmers.
Soon after passage of the Foreign Assistance Act, Kiplinger Magazine, a publication for business people, printed a guide to show them how to benefit from the plan. "The Marshall Plan is very much a business plan. . . ," it concluded. "At its root is an office and factory and warehouse job. The Marshall Plan means work, and you will be one of the workers." During the years of the Marshall Plan, when much of the money European participants received was spent on U.S.-produced food and manufactured goods, the American economy flourished.
"How to Do Business under the Marshall
Plan."
Reprinted from Kiplinger Magazine, Washington, D.C., May 1948, cover.
Averell Harriman Papers, Manuscript Division.
Used by permission of Kiplinger Magazine.
All rights reserved (11)
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