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George C. Marshall received the Nobel Peace Prize on October 30, 1953, for the E
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October 30

Marshall Wins Nobel: Europe Rebuilt by American Aid

George C. Marshall received the Nobel Peace Prize on October 30, 1953, for the European Recovery Program that bears his name. The Marshall Plan delivered $13.3 billion in economic aid (roughly $175 billion today) to 16 Western European nations between 1948 and 1952. Industrial production in recipient countries surged 35% above prewar levels. The plan required European nations to cooperate on economic planning, creating institutions that eventually evolved into the European Union. Stalin refused to let Eastern Bloc nations participate, deepening the Cold War divide. Marshall, who had served as Army Chief of Staff during World War II and Secretary of State during the plan's implementation, was the only career military officer to receive the Peace Prize. He donated the prize money to the George C. Marshall Research Foundation.

October 30, 1953

73 years ago

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