Commentary: Gaza’s devastation and Palestine’s future will require a new Marshall plan
by David N. Myers, Los Angeles Times
Nov 28, 2023
3 minutes
In the aftermath of World War II, President Harry Truman and Secretary of State George C. Marshall confronted the devastation in Europe and realized that “an orderly and prosperous Europe requires the economic contributions of a stable and productive Germany.”
Early in 1948, the Truman administration submitted to Congress a proposal that would through a massive investment in war-torn Europe. This became known as the Marshall Plan, which provided over $13 billion (more than $150 billion in today’s dollars) and played a vital role in the political and economic rehabilitation of Europe, especially Germany.
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