Europe following World War Two was in economic ruin. Six years of fighting had left the economies of Europe devastated. To counter-act this, United States State Department developed "The Marshall Plan" (officially known as the European Recovery Program), which involved the United States giving $17 billion in economic support to European countries following the war. The plan was put into action in April 1948, and helped spur on an incredible recovery of Europe's economies.
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It was called the European Recovery Plan (ERP).
It was eventually called the Marshall Plan, after General George C. Marshall, who became Secretary of State under President Harry Truman (1947-1949) and was later briefly Secretary of Defense.
The Marshall Plan was important because it helped with the recover and rebuild of Europe after World War 2. The plan allowed for the US to give $13 billion dollars to the support the European economies.
I am afraid not to understand the question. Do you mean Europe as a political entity (European Union) or Europe as a continent ?
The Marshall Plan helped the West recover faster. under pressure from stalin, eastern Europe countries refused aid from the united states
Sent aid to countries in Europe - Apex
It is still recovering