Point Four Program
- U.S. policy of technical assistance and economic aid to less-developed countries.Pres. Harry S. Truman proposed the plan as the fourth point of his 1949 inaugural address. It was approved by Congress and administered by a special State Department agency until it was merged with other foreign-aid programs in 1953. Technical assistance, mainly in agriculture, public health, and education, was provided through contracts with U.S. business and educational organizations. Organizations such as the Inter-American Development Bank were created to help develop the program.
* * *▪ United States historyU.S. policy of technical assistance and economic aid to underdeveloped countries, so named because it was the fourth point of President Harry S. Truman's (Truman, Harry S.) 1949 inaugural address. The first appropriations were made in 1950. The program was originally administered by a special agency of the Department of State, but in 1953 it was merged with other foreign-aid programs.Although it was unclear at the outset what form aid to underdeveloped countries would take, emphasis quickly was placed on technical assistance, largely in the fields of agriculture, public health, and education. To private capital, on a remunerative basis, was left the task of providing public structures and resources needed in industry. Some technical assistance was furnished through specialized United Nations agencies, but most was provided initially mainly by the United States and, on a bilateral basis, frequently through contracts with U.S. business and educational organizations. Eventually several new national and international organizations were created to contribute to various aspects of development—such as the International Finance Corporation (1956) for investing equity capital in private enterprises in underdeveloped countries, the Development Loan Fund (1957) for long-term credits, and the Inter-American Development Bank (1961) for regional loans. The United States also sought increased capital for such existing agencies as the Export-Import Bank, the World Bank, and the International Monetary Fund.
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Point Four Program — 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 … Wikipedia
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point — /poynt/, n. 1. a sharp or tapering end, as of a dagger. 2. a projecting part of anything: A point of land juts into the bay. 3. a tapering extremity: the points of the fingers. 4. something having a sharp or tapering end: a pen point. 5. a… … Universalium
four — /fawr, fohr/, n. 1. a cardinal number, three plus one. 2. a symbol of this number, 4 or IV or IIII. 3. a set of this many persons or things. 4. a playing card, die face, or half of a domino face with four pips. 5. fours, Jazz. alternate four bar… … Universalium
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