Marshall Plan

Definition

Economic recovery plan designed and implemented by the United States to assist with recovery efforts for Western Europe after World War II. The Marshall Plan was implemented in 1947 and provided $13 billion in loans to deteriorated countries in Western Europe. The plan was named after Secretary of State General Marshall who constructed the foundation and drafted the proposal for the U.S. Congress. The plan was not accepted by the majority of Eastern Europe and the Soviet Union.

Use Marshall Plan in a sentence

The Marshall Plan provided loans to countries impacted by World War II, so these war inflicted countries could fund recovery efforts and initiatives.

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