The West German economy was by the mid 1950s rebuilt thanks to the abandonment in mid-1947 of some of the last vestiges of the Morgenthau Plan and to fewer war reparations imposed on West Germany (see also Wirtschaftswunder). After lobbying by the Joint Chiefs of Staff, and Generals Clay and Marshall, the Truman administration realized that economic recovery in Europe could not go forward without the reconstruction of the German industrial base on which it previously had been dependent.[24] In July 1947, President Harry S. Truman rescinded on "national security grounds"[24] the punitive JCS 1067, which had directed the U.S. forces of occupation in Germany to "take no steps looking toward the economic rehabilitation of Germany."