Economic Cooperation Administration

The Economic Cooperation Administration (ECA) was a U.S. government agency established in 1948 to manage the Marshall Plan, which aimed to help rebuild European economies after World War II. Its goal was to promote economic recovery and stability in Europe by providing financial aid, resources, and technical assistance. The ECA played a crucial role in revitalizing industries, improving infrastructure, and fostering cooperation among European nations, ultimately contributing to long-term peace and growth in the region. The agency was dissolved in 1951 as Europe began to show signs of recovery.