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1 day ago · Marshall Plan, formally European Recovery Program (1948–51), U.S.-sponsored program advocated by Secretary of State George C. Marshall to rehabilitate the economies of 17 western and southern European countries in order to create stable conditions in which democratic institutions could survive.
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The Marshall Plan proposed the reduction of interstate barriers and the economic integration of the European Continent while also encouraging an increase in productivity as well as the adoption of modern business procedures. The Marshall Plan aid was divided among the participant states roughly on a per capita basis.
Dec 16, 2009 · Bettmann/Getty Images. The Marshall Plan, also known as the European Recovery Program, was a U.S. program providing aid to Western Europe following the devastation of World War II. It was...
May 15, 2023 · Marshall prioritized rebuilding Europe in part because of his fear that an economically weak Europe would align with the Soviet Union and turn to communism. In support of his effort, in 1948, Congress passed the Economic Cooperation Act —also known as the Marshall Plan.
Apr 6, 2023 · The Marshall Plan was a U.S.-sponsored program that gave $13 billion in aid to European countries after World War II. It aimed to prevent the spread of communism and promote economic recovery and cooperation in Europe. Learn more about its objectives, implementation, and impact.
For example, at the Doboelman soap works in Holland, American experts showed the Dutch how to cut processing time from five days to two hours with new machinery. In Norway, fishermen used a new type of net made from yarn spun in Italy.
Marshall Plan, (1948–51)U.S.-sponsored program to provide economic aid to European countries after World War II. The idea of a European self-help plan financed by the U.S. was proposed by George Marshall in 1947 and was authorized by Congress as the European Recovery Program.
