Answer:
The Marshall Plan (officially the European Recovery Program, ERP) was an American initiative passed in 1948 for foreign aid to Western Europe. The United States transferred over $12 billion (equivalent to over $128 billion as of 2020) 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
Explanation:
Marshall Plan
Enacted by the 80th United States Congress
Effective April 3, 1948
Citations
Public law 80-472
Statutes at Large 62 Stat. 137
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