Marshall Plan

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The Marshall Plan was a US-sponsored economic programme for Europe from 1948 to 1951.

It was designed to support economies in western Europe following the destruction wrought by World War II, and reduce the appeal of communist parties to European voters.

It included USD 13bn-17bn of grants and loans from the US to Austria, Belgium, Denmark, France, Greece, Iceland, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Sweden, Switzerland, Turkey, the United Kingdom, and western Germany.

Support was also offered to, but declined by, the Soviet Union and its allies, who did not wish to allow the US to influence its economies in this way.

See also