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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 European nations in rebuilding their economies after World War II. Key figures involved included U.S. Secretary of State George C. Marshall, who proposed the plan, and President Harry S. Truman, who supported its implementation. European nations that benefited from the plan included the United Kingdom, France, West Germany, and Italy, among others. The initiative was aimed at preventing the spread of communism by fostering economic stability and cooperation in Europe.

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I have attached a link that explains the Marshall Plan well. See the link below.