President Kennedy announces Peace Corps, University of Michigan, 1961.

1961
President Kennedy works to streamline US foreign policy structure and makes foreign assistance a top priority. He founds the Peace Corps, an organization of American volunteers who lend their skills and time to developing countries. He also begins the legislative process leading to the Foreign Assistance Act, which is passed by Congress and results in the creation of the United States Agency for International Development (USAID) to administer international economic assistance programs.

Read More: History of USAID from www.usaid.gov