The Marshall Plan
What was the Marshall Plan?
The Marshall Plan (officially the European Recovery Program, ERP) was the American initiative to aid Europe and Asia, in which the United States gave $17 billion (approximately $160 billion in current dollar value) in economic support to help rebuild European economies after the end of World War II.
What was the main purpose of the Marshall Plan?
The Marshall Plan (officially the European Recovery Program, ERP) was the American initiative to aid Europe, in which the United States gave economic support to help rebuild European economies after the end of World War II in order to prevent the spread of Soviet Communism.
Announcement date
5th June 1947
Factories
The Marshall Plan helped with supplies for factories. For example, the plan supplied carbon black to a tire plant in Birmingham, England keeping the plant open and 10,000 workers with jobs.
