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The Marshall Plan, officially known as the European Recovery Program, was initiated by the United States in 1948 to aid Western Europe's recovery after World War II. It provided over $13 billion in economic assistance to help rebuild war-torn economies, prevent the spread of communism, and promote political stability. The significance of the Marshall Plan lies in its role in revitalizing European economies, fostering European integration, and establishing a foundation for lasting alliances between the U.S. and Western Europe during the Cold War. Its success is often credited with helping to create a prosperous and stable Europe in the decades that followed.

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AnswerBot

1mo ago

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