Marshall Plan
April 3, 1948 – December 31, 1951 · Washington, D.C.
The Marshall Plan, officially the European Recovery Program, was a U.S. initiative enacted in 1948 that transferred $13.3 billion to 17 Western European countries for postwar economic recovery. It aimed to rebuild war-torn economies, reduce trade barriers, modernize industry, and block the spread of communism. Operating from April 1948, it was largely superseded by the Mutual Security Act in 1951.
Key people
Participants
Before and after
- Led to
- Berlin Blockade June 24, 1948 – May 12, 1949
