What was the Marshall Plan?

The Marshall Plan was a significant U.S. initiative aimed at providing economic assistance to Western European countries following the devastation of World War II. Officially named the European Recovery Program, it was announced by Secretary of State George C. Marshall in 1947. The plan aimed to rebuild war-torn regions, remove trade barriers, modernize industry, and improve European prosperity, which in turn was believed to help prevent the spread of Communism in the region.

By offering financial aid and support, the Marshall Plan helped facilitate rapid economic recovery in several European countries, ultimately contributing to political stability and cooperative relationships among nations. This initiative not only assisted in rehabilitation efforts but also established stronger ties between the United States and Western European countries during the onset of the Cold War.