Harry S. Truman was the first president. The inventor of the marshall plan was George Marshall.
Harry S. Truman.Truman signed the Marshall Plan into law on April 3, 1948
the Marshall plan which was signed into law on April 3, 1948 by President Harry S. Truman
The Marshall Plan was signed during the presidency of Harry S. Truman. Truman, the 33rd President, served from 1945 to 1953.
The Marshall Plan was, indeed a loan. No, the Marshall plan was not a loan. It was aid. There were loans made but they were not part of the Marshall Plan itself.
Marshall Plan, named after George C. Marshall, who was then US Secretary of State under President Truman. George Marshall was previously the very successful four-star general, Chief of Staff (head) of the US Army in the Second World War. Marshall won the Nobel Peace Prize for the plan and implementation of American rebuilding of western Europe after the war.
who did not accept the marshall plan
The plan which assisted European nations with war reparations was called the Marshall Plan.
Marshall never was president.
The reason the Marshall plan was necessary was because the economy in Europe after WW2 was very bad, and with the threat of USSR they needed to get the economy flowing in Europe. Or else many European countries would fall to Communism, in fact there were a few countries in eastern Europe that did become Communist i hoped that helped you out.
Provided funding for the economic reconstruction of Western Europe.
The Marshal Plan was instituted on July 12, 1947.