Organization for European Economic Cooperation

Anonymous

International Organization, 1948, vol. 2, issue 2, 397-398

Abstract: On April 2, 1948, the Congress of the United States passed legislation authorizing the appropriation of $6,098,000,000 for foreign aid, of which $5,300,000,000 was allocated for the first twelve months of the European Recovery Program. The bill became effective upon the signature of the President the following day, and early in April Mr. Paul Hoffman, President of the Studebaker Company, was appointed as director of the Economic Cooperation Administration, an independent agency to handle the funds appropriated by the Congress.

Date: 1948
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