Definition, Meaning & Synonyms
Marshall Plan
Noun
/ˈmɑːr.ʃəl plæn/
Definition
The Marshall Plan, officially known as the European Recovery Program (ERP), was an American initiative launched in 1948 to provide economic assistance to European countries to help them rebuild after World War II.
Examples
- The Marshall Plan was instrumental in revitalizing Europe’s infrastructure after the devastation of the war.
- Many historians view the Marshall Plan as a significant factor in the rapid recovery of Western Europe.
- Under the Marshall Plan, the U.S. provided over $12 billion in aid to help restore European economies.
Meaning
The term refers to the strategy employed by the United States to promote economic recovery and political stability in European nations, preventing the spread of communism by ensuring their economic well-being.
Synonyms
- European Recovery Program
- U.S. Economic Assistance Program
- Aftermath Recovery Initiative
