Everything about The Point Four Program totally explained
The
Point Four Program was a program for
economic aid to poor countries announced by
United States President
Harry S 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 the
United States Congress in June 1950.
Point Four Program was different from other programs in that it wasn't confined to any specific region; it was extended to countries such as
Israel and
Iran. However, the U.S. governments enthusiasm for the program declined under President
Dwight D. Eisenhower, and the program was officially abolished on May
1953.
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