Marshall Plan

Marshall Plan -

was the primary program, 1948–52, of the United States for rebuilding and creating a stronger economic foundation for the countries of Western Europe, and repelling the threat of internal communism afterWorld War II. The initiative was named for Secretary of State George Marshall and was largely the creation of State Department officials, especially William L. Clayton and George F. Kennan.

The reconstruction plan, developed at a meeting of the participating European states, was established on June 5, 1947. It offered the same aid to the USSR and its allies, but they did not accept it.[2][3] The plan was in operation for four years beginning in April 1948.