The Marshall Plan, launched in 1948, was Americas ambitious program to rebuild war-torn Europe. Officially called the European Recovery Program, it provided more than $13 billion in aidover $150 billion in todays money. The funds revitalized industries, restored infrastructure, and stabilized political systems. Beyond economics, the plan sought to prevent the spread of communism. It was a success: within four years, Western Europes economies rebounded significantly. The Marshall Plan stands as one of historys greatest examples of economic diplomacy and reconstruction.
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