Monday, Oct. 10, 1949
Friendship
In a sudden burst of speed last week, the U.S. Congress added up the major foreign-aid bills for the current fiscal year, earmarked more than $7 billion for the nation's postwar allies and the occupied countries. The House and Senate quickly agreed on a bill authorizing $1,314,010,000 in military aid for European partners in the Atlantic defense pact (see below), for
Greece and Turkey, and for Persia, Korea, China and the Philippines. Next day, both houses approved the final appropriation of $4,852,380,000 for the second year of the European Recovery Program, $45 million for economic assistance to Greece and Turkey and $912,500,000 for U.S. occupation costs in Germany, Japan and Austria. Still to be considered were another $45 million to get the President's Point Four program under way (see BUSINESS) and $150 million to help bolster the economy of Korea. Total outlay for U.S. foreign aid since the end of World War II: $20 billion". Former enemies Italy, Germany and Japan got roughly a third of the handout.
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