WORLD 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: -The US government feared that a hungry, devastated Europe might turn to communism (as China would do in 1949). To stabilize the European economy, US Secretary of State George C. Marshall proposed a plan to provide Europe with $13 billion in economic aid.

Detailed explanation-4: -The Marshall Plan offered the same aid to the Soviet Union and its allies, if they would make political reforms and accept certain outside controls. In fact, America worried that the Soviet Union would take advantage of the plan and therefore made the terms deliberately hard for the USSR to accept.

Detailed explanation-5: -In June 1947, in accordance with the Truman Doctrine, the United States enacted the Marshall Plan. This was a pledge of economic assistance for all European countries willing to participate, including the Soviet Union, who refused and created their own Molotov plan for the Eastern Bloc.