USA HISTORY

Detailed explanation-1: -President Harry Truman signed the Marshall Plan on April 3, 1948, granting $5 billion in aid to 16 European nations.

Detailed explanation-2: -Over the next four years, Congress appropriated $13.3 billion for European recovery. This aid provided much needed capital and materials that enabled Europeans to rebuild the continent’s economy.

Detailed explanation-3: -The Marshall Plan, also known as the European Recovery Program, was a U.S. program providing aid to Western Europe following the devastation of World War II. It was enacted in 1948 and provided more than $15 billion to help finance rebuilding efforts on the continent.

Detailed explanation-4: -The Marshall Plan was a U.S.-sponsored program designed to rehabilitate the economies of 17 western and southern European countries in order to create stable conditions in which democratic institutions could survive in the aftermath of World War II. It was formally called the European Recovery Program.

Detailed explanation-5: -Under the Marshall Plan, the United States contributed $13.3 billion in aid-approximately $150 billion in today’s dollars-to 16 European nations between 1948 and 1951.