On this day. 1948: President Truman signed the Marshall Plan — which aimed to rebuild Europe after World War II. The $13 billion Marshall Plan ($120 billion in today's dollars) was named for Secretary of State George Marshall, who said Europe, devastated during the war, needed help getting back on its feet. The Marshall Plan did just that, while it also counterbalanced growing Soviet power on the continent. The Soviet Union, also devastated during the war, was also offered help; Premier Stalin refused to accept it.
On this day. 1974: After investigating President Nixon's finances, the Internal Revenue Service ordered him to pay $432,787 in back taxes and $33,000 interest.
Quote of the day
"The President is always abused. If he isn't, he isn't doing anything." -Harry Truman
More from West Wing Reports...
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- What the collapse of the Ming Dynasty can tell us about American decline
- Here's proof that Justin Bieber is just as spoiled as you always thought
- 7 ways to be the most interesting person in any room
- Colorado’s new ‘drive high, get a DUI’ commercials are actually pretty clever
- Why is American internet so slow?
- Ukraine's fraught relationship with Russia: A brief history
- What would a U.S.-Russia war look like?
- The GOP must try to win over African-Americans
- Who are the real gay marriage bigots?
- 22 TV shows to watch in 2014
Subscribe to the Week