Abstract
As a consequence of Truman's Point Four Program of 1949, the provision of economic assistance to independent low-income countries became the official policy of the United States. In the early and mid-1950s economic development assistance, though growing, received relatively little attention as the Korean war turned the USA's foreign aid in the direction of military assistance. However, by the start of the 1960s, the transfer of economic assistance from high-income to low-income countries had developed into an institutionalized relationship. Economic assistance was clearly distinguished from military assistance and administered separately; the USA's monopoly of aid was decreasing as other high-income countries, partially under the USA's pressure, were establishing their own aid programmes; and the volume of aid and the number of recipients were increasing.
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