America at 250: The Marshall Plan, With Benn Steil
The President’s Inbox
Council on Foreign Relations
4.4 • 734 Ratings
🗓️ 3 June 2026
⏱️ 40 minutes
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| 0:00.0 | George Marshall wanted to make absolutely clear that our job was to reinvigorate the productive capacity of Western Europe as quickly as possible, |
| 0:12.0 | and that this was a national security priority of the United States. |
| 0:18.0 | World War II left Europe in ruins. |
| 0:22.6 | Hopes that life would quickly return to normal rapidly faded. |
| 0:25.6 | A weak and demoralized Europe looked ready to all prey to communist propaganda and Soviet |
| 0:31.6 | influence. |
| 0:32.6 | Worried that the United States had won the war but was losing the peace, President Harry |
| 0:36.6 | Truman responded with the Marshall Plan. |
| 0:38.7 | It changed the course of history. What did the Marshall Plan do? Why were Americans willing to support it? |
| 0:45.0 | And what lessons does it teach us about foreign policy today? From the Council on Foreign Relations, |
| 0:51.7 | welcome to the president's inbox. I'm Jim Lindsay. |
| 0:54.6 | Joining me today is Ben Steele, Senior Fellow and Director of International Economics at the Council on Foreign Relations, an author of the book, The Marshall Plan, Dawn of the Cold War. |
| 1:05.6 | Ben, thank you joining me. |
| 1:07.1 | Thanks for having me, Jim. |
| 1:08.9 | Now, Ben, in recognition of the 250th anniversary of American independence, |
| 1:14.1 | I am devoting one episode of the president's inbox every month to a pivotal moment in the history of U.S. foreign policy, |
| 1:22.4 | the Marshall Plan, which Secretary of State George C. Marshall publicly reposed in a commencement address |
| 1:29.9 | at Harvard University on June 5, 1947, certainly qualifies on that score. A recent survey I did |
| 1:39.0 | with members of the Society for historians of American Foreign Relations ranked the Marshall Plan as the best decision |
| 1:46.5 | in the history of U.S. foreign policy. |
| 1:50.0 | Now, my sense is that you can only understand the Marshall Plan by first understanding the dramatic |
| 1:56.1 | shift in U.S. thinking in the two years since World War II ended, you have described that shift |
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