What is the Marshall Plan?
Marshall Plan- a U.S. plan, initiated by the Secretary of State George Marshall and implemented from 1948 to 1951, to aid in the economic recovery of Europe after World War II by offering certain European countries substantial funds
It offered all European nations, including the Soviet Union, generous funding to rebuild their economies as long as the money was spent on goods made in the United States. The plan appealed to many U.S. leaders. Those who supported it hoped to promote democracy in Europe and oppose the spread of communism, thus reinforcing the Truman Doctrine and the policy of containment. They also wanted to open markets for American goods and further boost the economy of the United States.