USA HISTORY

Detailed explanation-1: -The United States transferred over $13 billion (equivalent of $173 billion in 2023) in economic recovery programs to Western European economies after the end of World War II. Replacing an earlier proposal for a Morgenthau Plan, it operated for four years beginning on April 3, 1948.

Detailed explanation-2: -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-3: -The Marshall Plan was a U.S.-sponsored program implemented following the end of World War II, granting $13 billion in foreign aid to European countries that had been devastated physically and economically by World War II.

Detailed explanation-4: -Fanned by the fear of Communist expansion and the rapid deterioration of European economies in the winter of 1946–1947, Congress passed the Economic Cooperation Act in March 1948 and approved funding that would eventually rise to over $12 billion for the rebuilding of Western Europe.

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.