1947 — The Marshall Plan is announced

Named for then US Secretary of State George Marshall, the Marshall Plan is one of the largest foreign aid schemes ever put in place by any nation. Beginning in 1948 and ending in 1951, the Marshall Plan gave over 12 billion dollars worth of aid to various Western European nations, intending to help them rebuild after World War Two.

In all, 16 nations – Portugal, Iceland, Ireland, the United Kingdom, France, Italy, West Germany, Belgium, Luxembourg, Holland, Switzerland, Austria, Norway, Sweden, Greece and Turkey – received differing amounts to assist in reconstruction, particularly of their industrial capacity and general infrastructure. The plan was originally supposed to last until 1953, but America was unable to afford this largesse and the war in Korea at the same time.

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Green Onions — The Blues Brothers