What economic plan did the United States implement to rebuild Europe after World War II?

The Marshall Plan was a pivotal economic initiative implemented by the United States to aid in the reconstruction of European countries devastated by World War II. Officially known as the European Recovery Program, it was launched in 1948 and aimed to provide financial assistance, promote economic recovery, and thereby counter the spread of communism in Western Europe.

The rationale behind the Marshall Plan was that a strong economy would foster political stability, thereby reducing the appeal of communist ideologies that were gaining traction in war-torn regions. The U.S. government allocated approximately $13 billion (equivalent to over $100 billion today) in economic aid to help rebuild infrastructure, restore industry, and facilitate trade. This initiative not only helped to revive the European economy but also encouraged cooperation among Western European nations, laying the groundwork for future collaboration and integration.

The other options do not pertain specifically to the post-war economic recovery of Europe. The New Deal refers to Roosevelt’s domestic programs aimed at recovering the U.S. economy during the Great Depression. The Green Deal is a contemporary initiative focused on environmental sustainability and does not relate to post-war recovery. The Truman Doctrine was a U.S. policy aimed at containing communism, particularly in Greece and Turkey, but did not specifically address the broader