The Agency for International Development Is Established (Great Events from History II: Business and Commerce Series)
Article abstract: The Agency for International Development coordinated U.S. foreign assistance programs and expanded private sector investments in developing countries.
Summary of Event
The Agency for International Development (AID) provided the framework for central coordination of U.S. foreign assistance programs. As a quasi-autonomous agency within the Department of State, AID symbolized the institutional consolidation of foreign assistance as a tool in U.S. foreign policy. AID provided the bureaucratic pivot for the apportionment and delivery of benefits under the Foreign Assistance Act of 1961 and for the containment of communism abroad.
Congress passed the Foreign Assistance Act (Public Law 87-195) to promote the foreign policy, security, and general welfare of the United States, and to assist the less-developed areas of the world in achieving self-reliance and economic development. On the basis of the act and the recommendations of the presidential task force on foreign economic assistance, AID came into existence by Executive Order 10973 of November 3, 1961.
The creation of AID a was milestone in American foreign assistance, which began as a stopgap measure and gradually acquired institutional permanence as a tool of economic diplomacy. The earliest offer of U.S. foreign assistance was in 1778, under Article I of the Treaty of Alliance, by which the United States agreed to render...
(The entire section is 1944 words.)
Show us the love and view this for free! Use the facebook like button, or any other share button on this page, and get this content free!free!
Want to Read More?
Subscribe now to read the rest of this article. Plus get complete access to 30,000+ study guides!