1948: EUROPE'S POST WAR RECOVERY

The transcript discusses the Marshall Plan, initiated by the American government to aid Europe's recovery post-World War II. It highlights the $5 billion appropriation, the appointment of Paul G. Hoffman as administrator, and the positive international response. The plan aimed to provide immediate relief and long-term self-sufficiency for Europe. Celebrations marked the arrival of aid, symbolizing hope for a new chapter in European history.

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