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How the Poor Can Save Capitalism by Andrew Young, John Hope Bryant

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CHAPTER EIGHT

The HOPE Plan

Following World War II, the United States put together an initiative to provide economic and technical support to help Europe rebuild its cities and economies. Called the European Recovery Program but popularly known as the Marshall Plan, after Secretary of State George Marshall, the plan was designed to modernize European industry and remove trade barriers, in addition to revitalizing destroyed cities and putting people back to work.

The program began in April 1948, ran for four years, and was an unqualified success. Those four years of American technical and financial assistance may not have been solely responsible for Europe’s recovery, but it certainly helped, and most leaders today would probably agree that this ...

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