Business, Legal & Accounting Glossary
Economic recovery plan designed and implemented by the United States to assist with recovery efforts for Western Europe after World War II. The Marshall Plan was implemented in 1947 and provided $13 billion in loans to deteriorated countries in Western Europe. The plan was named after Secretary of State General Marshall who constructed the foundation and drafted the proposal for the U.S. Congress. The plan was not accepted by the majority of Eastern Europe and the Soviet Union.
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This glossary post was last updated: 20th November, 2021 | 0 Views.