The European Recovery Program (ERP), popularly known as The Marshall Plan, in honor of the Secretary of State of the United States, George Marshall (the main man behind its design), was an economic recovery program organized by the United States for the reconstruction of the European countries after the Second World War. The Marshall Plan was born with the intention of helping in the reconstruction of Western Europe after the Second Great War. It was Europe, and not in the United States (except the Pearl Harbor incident), which had to bear the weight of the Nazi conquest attempt in its territory. As a result of the conflict, it had been ruined, while
The Marshall Plan was in itself a powerful feedback effect for the American economy's feedback. Why? Well, the reason is found in the American capitalist economic system itself, based on the unchangeable forces of supply and demand. In addition, USA had been configured as the banker of Europe.
For these reasons, the Marshall Plan was of vital importance for the European economic recovery, but at the same time, the help provided by Truman managed to maintain the North American hegemony during the last years, the record of the United States and the great power that is today.
