The initiative[5] was named after Secretary of State George Marshall. The plan had bipartisan support in Washington, where the Republicans controlled Congress and the Democrats controlled the White House. The Plan was largely the creation of State Department officials, especially William L. Clayton and George F. Kennan, with help from Brookings Institution, as requested by Senator Arthur H. Vandenberg, chairman of the Senate …show more content…
It offered the same aid to the Soviet Union and its allies, but they did not accept it,[8][9] as to do so would be to allow a degree of US control over the Communist economies.[10] During the four years that the plan was operational, US $15 billion in economic and technical assistance was given to help the recovery of the European countries that had joined in the Organization for European Economic Co-operation. In 2013, the equivalent sum reflecting currency inflation since 1948 totalled roughly $148 billion.[11] The $15 billion was in the context of a US GDP of $258 billion in 1948, and was on top of $15 billion in American aid to Europe between the end of the war and the start of the Plan that is counted separately from the Marshall Plan.[12] The Marshall Plan was replaced by the Mutual Security Plan at the end of