FOREIGN RELATIONS: Point for Point Four

In the two years since Harry Truman pulled Point Four out of a hat and stuck it into his inaugural speech, it has remained largely a plan without a program. But last week a board headed by Nelson Rockefeller and comprised of representatives from business, labor, agriculture, health and law, handed the President a carefully worked out program for giving point to Point Four.

The board proposed the creation of a massive Overseas Economic Administration, to absorb ECA and all foreign-aid programs now scattered among 23 U.S. agencies. It proposed the appropriation of $500 million for OEA to spend on aid...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!