Rebuilding Europe: The Marshall Plan and Its Impact

The Marshall Plan, designed by US Secretary of State George C. Marshall, aimed to combat hunger, poverty, and chaos in post-WWII Europe by providing economic and technical aid. Signed into law by President Truman in 1948, it helped rebuild Europe's devastated infrastructure and economy. Despite Soviet opposition, 16 nations participated, leading to significant economic growth and reduced communist influence. By 1952, $13 billion had been administered, boosting industrial production and stabilizing political structures. The plan ended in 1953, leaving a lasting impact on global economic relations.

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