It was Marshall Plan where the United States gave financial
aid to Europe to help them in recovering from the damages caused during World
War II. Apart from that they hope to
open trade, upgrade Europe’s industry and block Communism from spreading in
Europe.
The "Marshall Plan" was named after the man who then was US Secretary of State, George C. Marshall. Officially the plan was called the European Recovery Program. Marshall announced the plan in 1947, and it went into effect in 1948. The intent was to provide aid and rebuilding to European economies after the damaging effects of World War II. The US intended to build up its allies in Europe and stave off communism.
