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The Technical Assistance Program allowed Europeans to bring home many types of American ideas. [92] Another important aspect of the Technical Assistance Program was its low cost. While $19.4 billion was allocated for capital costs in the Marshall Plan, the Technical Assistance Program only required $300 million.
The investment of these funds can take the form of loans rather than grants, creating a permanent pool of investment capital. For instance, Germany's Marshall Plan counterpart funds were used to set up such an investment fund, and it is still in operation today.
After 1945, the European Recovery Program championed by Secretary of State George Marshall (the "Marshall Plan") helped rebuild war-torn Western Europe. USAID manages relief efforts after wars and natural disasters through its Bureau for Humanitarian Assistance, which is the lead federal coordinator for international disaster assistance.
Deere & Company, doing business as John Deere (/ ˈ dʒ ɒ n ˈ d ɪər /), is an American corporation that manufactures agricultural machinery, heavy equipment, forestry machinery, diesel engines, drivetrains (axles, transmissions, gearboxes) used in heavy equipment and lawn care equipment.
The aid received by Germany through GARIOA was, just as the later Marshall Plan aid (starting 1948), charged to the Germans. By 1953 West Germany's combined GARIOA and Marshall Plan debt was over $3.3 billion. It was however decided in 1953 that West Germany only had to repay $1.1 billion.
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George C. Marshall. On 5 June 1947, George C. Marshall, at the time Secretary of State of the United States of America, gave an address at Harvard University in Cambridge, Massachusetts, where he proposed a plan to aid European recovery after the events of World War II, in the form of financial and economic assistance from the United States.