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Organization for European Economic Cooperation
Published online by Cambridge University Press: 22 May 2009
Extract
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.
- Type
- International Organizations: Summary of Activities IV. War and Transitional Organizations
- Information
- Copyright
- Copyright © The IO Foundation 1948
References
l For summary of the work of the Committee of European Economic Cooperation, see International Organization, II, p. 158–60.
2 New York Times, January 27 and February 7, 1948.
3 For text of the convention, see this issue, p. 420–6.