<P> The Marshall Plan ( officially the European Recovery Program , ERP ) was an American initiative to aid Western Europe , in which the United States gave over $13 billion ( approximately $132 billion in current dollar value as of October 2017 ) in economic support to help rebuild Western European economies after the end of World War II . The plan was in operation for four years beginning on April 8 , 1948 . The goals of the United States were to rebuild war - devastated regions , remove trade barriers , modernize industry , make Europe prosperous once more , and prevent the spread of communism . The Marshall Plan required a lessening of interstate barriers , a dropping of many regulations , and encouraged an increase in productivity , labour union membership , as well as the adoption of modern business procedures . </P>
<P> The Marshall Plan ( officially the European Recovery Program , ERP ) was an American initiative to aid Western Europe , in which the United States gave over $13 billion ( approximately $132 billion in current dollar value as of October 2017 ) in economic support to help rebuild Western European economies after the end of World War II . The plan was in operation for four years beginning on April 8 , 1948 . The goals of the United States were to rebuild war - devastated regions , remove trade barriers , modernize industry , make Europe prosperous once more , and prevent the spread of communism . The Marshall Plan required a lessening of interstate barriers , a dropping of many regulations , and encouraged an increase in productivity , labour union membership , as well as the adoption of modern business procedures . </P>
the european recovery program of 1947 is better known as
the european recovery program of 1947 is better known as
The Marshall Plan
The Marshall Plan