Marshall Plan

The Marshall Plan, officially known as the European Recovery Program, was an American initiative launched in 1948 to aid Western Europe in rebuilding after World War II. Funded by the U.S. government, it provided over $12 billion in economic assistance to help restore industries, infrastructure, and economies. The plan aimed to prevent the spread of communism by stabilizing war-torn countries and promoting political stability and economic cooperation. It is credited with significantly contributing to the rapid recovery and growth of European nations, leading to a prosperous and integrated Europe in the years following the war.