Point Four Program

From Wikipedia, the free encyclopedia

The Point Four Program was a program for economic aid to poor countries announced by United States President Truman in his inaugural address on January 20, 1949. It took its name from the fact that it was mentioned as the fourth among the foreign policy objectives mentioned in the speech.

The Point Four Program was the result of the situation prevailing following World War II. In order to rebuild the destruction caused by the war, the U.S. government announced the European Recovery Program in 1948, based on the initiative of U.S. Secretary of State George C. Marshall. It was approved by Congress in June, 1950.[1]

Point Four Program was different from other programs in that it was not confined to any specific region; it was extended to countries such as Israel and Iran. However, U.S. government enthusiasm for the program declined under President Dwight D. Eisenhower, and the program was officially abolished in May 1953.

  1. ^ "Point Four Program" Grolier Encyclopedia of Knowledge, volume 15, copyright 1991. Grolier Inc., ISBN 0-7172-5300-7
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