Marshall Plan
Definition
The Marshall Plan, officially known as the European Recovery Program, was an American initiative passed in 1948 to aid Western Europe. It provided over $12 billion (nearly $100 billion in 2020 US dollars) in economic assistance to help rebuild Western European economies after the end of World War II.
Analogy
Think of the Marshall Plan like a generous friend who helps you rebuild your Lego castle that got knocked over. Not only does this friend provide you with new Lego blocks (financial aid), but they also give advice on how to make your castle stronger and better than before (economic recovery and reform).
Related terms
Economic Aid: Financial or material help given by one country to another, often for specific purposes such as rebuilding after a disaster.
Post-War Reconstruction: The process of rebuilding infrastructure, government, and economy after a war.
Truman Doctrine: A policy set forth by U.S. President Harry S. Truman in 1947 stating that the U.S. would support Greece and Turkey with economic and military aid to prevent them from falling into the Soviet sphere during the Cold War.
"Marshall Plan" appears in:
Subjects (2)
Study guides (3)
Practice Questions (20+)
Which region of Europe benefited the most from the aid provided through the Marshall Plan?
What impact did the Marshall Plan have on the division of Europe during the Cold War?
Which country offered $13 billion in aid through the Marshall Plan?
What was the main condition attached to the economic aid offered through the Marshall Plan?
Which nations were excluded from the benefits of the Marshall Plan?
How did the Marshall Plan strengthen ties in the Western world during the Cold War?
What was the main reason behind the US proposing the Marshall Plan?
How did the Marshall Plan contribute to the division of Europe during the Cold War?
What was the outcome of the Marshall Plan?
What was the Marshall Plan?
Which of the countries below did the Marshall Plan NOT benefit?
What was the primary political reason behind the Marshall Plan?
In whose favor was Marshall Plan designed by George C.Marshall in post-World War II Europe?
What was the main impact of the 'Marshall Plan' on Western Europe after World War II?
Who implemented the Marshall Plan after World War II?
What was the primary objective of the Marshall Plan implemented by the United States after World War II?
Which principle was the foundation of the Marshall Plan following World War II?
How did historical situation limit the purpose of Marshall Plan aid provided to Europe?
How did the 1947 Marshall Plan reflect United States' perspective on Europe's post-war recovery and geopolitics?
What role did the Marshall Plan play after World War II?
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