The Marshall Plan (officially the European Recovery Program, ERP) was the American program to aid Europe, in which the United States gave monetary support to help rebuild European economies after the end of World War II in order to prevent the spread of Soviet Communism. The plan was in operation for four years beginning in April 1948. The goals of the United States were to rebuild a war-devastated region, remove trade barriers, modernize industry, and make Europe prosperous again.
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MA, Business Economics.
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