The Marshall Plan (officially the European Recovery Program, ERP) was the large-scale American program to aid Europe where the United States gave monetary support to help rebuild European economies after the end of World War II in order to prevent the spread of Soviet
communism. [1] The plan was in operation for four years beginning in April 1948. The goals of the United States were to rebuild a war-devastated region, remove trade barriers, modernize industry, and make Europe prosperous again. The initiative was named after Secretary of State George Marshall. The plan had bipartisan support in Washington, where the Republicans controlled Congress and the Democrats controlled the White House. The Plan was largely the creation of State Department officials, especially William L. Clayton and George F. Kennan. Marshall spoke of urgent need to help the European recovery in his
address at Harvard University in June 1947.
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The Marshall Plan
danger that some European countries might become communist
Provide for economic recovery in Western Europe
The Marshall Plan (European Recovery Plan) solved a so-called marketing crisis in Europe by encouraging financial stability, which solved the problem of shortages due to repressed inflation. The plan was a large-scale American program to aid Europe where the US gave monetary support to help rebuild European economies after the end of World War II.
The Marshall Plan was Secretary of State George C. Marshall's plan for the U.S to offer economic aid to the European nations to help recover from WWII.