USA HISTORY

Detailed explanation-1: -It became known as the Marshall Plan, named for Secretary of State George Marshall, who in 1947 proposed that the United States provide economic assistance to restore the economic infrastructure of postwar Europe.

Detailed explanation-2: -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-3: -On 5 June 1947 Secretary of State George Marshall announced the European Recovery Programme. To avoid antagonising (provoking) the Soviet Union, Marshall announced that the purpose of sending aid to Western Europe was completely humanitarian, and even offered aid to the communist states in the East.

Detailed explanation-4: -That a Europe more prosperous than ever would emerge from this apocalypse astonished the world. Most economies shattered by war returned to pre-war levels of output within five years.

Detailed explanation-5: -Independence was granted to India (from the United Kingdom), Indonesia (from the Netherlands), the Philippines (from the US) and a number of Arab nations, from specific mandates which had been granted to great powers from League of Nations Mandates.