USA HISTORY

Detailed explanation-1: -This aid provided much needed capital and materials that enabled Europeans to rebuild the continent’s economy. For the United States, the Marshall Plan provided markets for American goods, created reliable trading partners, and supported the development of stable democratic governments in Western Europe.

Detailed explanation-2: -The plan had two major aims: to prevent the spread of communism in Western Europe and to stabilize the international order in a way favorable to the development of political democracy and free-market economies. European reaction to Marshall’s speech was quick and positive.

Detailed explanation-3: -President Harry Truman signed the Marshall Plan on April 3, 1948, and aid was distributed to 16 European nations, including Britain, France, Belgium, the Netherlands, West Germany and Norway.

Detailed explanation-4: -The Marshall Plan, widely regarded as a singular success, is invoked whenever policy makers contemplate large-scale foreign aid. Over the four years from 1948 through 1951, the United States transferred $13 billion (roughly $115 billion at current prices) to the war-torn nations of Europe under the plan.