Harry Truman,33rd president of the United States from 1945 to 1953 approved the Marshall Plan on April 3, 1948, granting $5 billion in funding to Sixteen European nations.
<u>Explanation:</u>
The Marshall Plan was an American initiative established in 1948 for international service to Western Europe. It is offically the European Recovery Program( ERP). The U.S transferred above $12 billion in economic development plans to Western European economies after the end of World War II.
Displacing an elder project for a Morgenthau Plan, it worked for four years starting on April 3, 1948. The United States aimed to reconstruct war-torn regions, negotiate trade restrictions, modernize production, develop European prosperity, and limit the scope of Socialism.
The Marshall Plan aid did split amongst the associate states unevenly on a per capita basis. The biggest beneficiary of Marshall Plan funds did the United Kingdom (receiving about 26% ), followed by France (18%) and West Germany (11%). Some 18 European nations received Plan benefits.
