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 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-3: -expand trade among the European nations and with the rest of the world. combat inflation and establish financial stability. create a common market free of national trade barriers. Some Marshall Plan aid came as technical assistance.

Detailed explanation-4: -Congress overwhelmingly passed the Economic Cooperation Act of 1948, and on April 3, 1948, President Truman signed the act that became known as the Marshall Plan. Over the next four years, Congress appropriated $13.3 billion for European recovery.

Detailed explanation-5: -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.