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Event: Günter Bischof (University of New Orleans, Center Austria): The Marshall Plan in Austria (28. May 2019, 18:00 - 19:30)

Date: Tuesday, 28th May 2019, 18:00 - 19:30

Place: Fachbereichsbibliothek Geschichtswissenschaften, Lesesaal, Main Building of the University of Vienna

Date: Tuesday, 28th May 2019, 6:00 PM - 7:30 PM

Ort: Fachbereichsbibliothek Geschichtswissenschaften, Lesesaal, Main building of the University of Vienna

This event is a cooperation of the Department of Economic and Social History and the Department of History.

After the destruction of World War II, the Austrian economy was in shambles and people were without food. International aid programs, mostly financed by the U.S.,, helped Austria get through the challenging postwar years (1945-52). The U.S. Army and UNRRA provided the necessary calories (1945-47); the European Recovery Program (ERP), launched in

1948 and designed to stop the spreading of communism into Western Europe, provided aid for infrastructural (electricity) and industrial reconstruction. Austria's claim of being a "special case"  managed to get the country a high per capita share of ERP aid. "Counterpart funds,"

generated through Marshall Plan aid, provided much needed investment capital for industry and tourism. When the U.S. government turned the "ERP counterpart funds" in the Federal Chancellery over to the Austrian government. in 1961, the government established the  "_ERP-Fonds_" in 1962, which has been investing into the Austrian economy on a annual basis until today. Through ERP-funding, the Marshall Plan is still alive and well in Austria.

After the event, wine and snacks will be offered.