Under the program, large amounts of financial aid were provided to participating countries. While the plan contributed to the recovery of European economies, it also aimed to prevent the spread of communism. It is regarded as one of the important economic initiatives of the Cold War era.
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Frequently asked questions
- What was Marshall Plan?
- The Marshall Plan (the European Recovery Program), which came into effect in 1948, was initiated by the United States with the aim of economically rebuilding the Western European countries devastated by the Second World War.
- When did Marshall Plan happen?
- 1948 CE