marshall plan

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Definition of marshall plan in English English dictionary: a programme established by the US government in 1947 to give economic help to Europe after World War II. It was named after George C. Marshall, who was the US Secretary of State. Thousands of millions of dollars were provided for rebuilding cities, roads, industries etc. (1948-51) U.S.-sponsored program to provide economic aid to European countries after World War II. The idea of a European self-help plan financed by the U.S. was proposed by George Marshall in 1947 and was authorized by Congress as the European Recovery Program. It provided almost $13 billion in grants and loans to 17 countries and was a key factor in reviving their economies and stabilizing their political structures. The plan's concept was extended to less-developed countries under the Point Four Program; {i} American plan for rebuilding Europe in the years after World War II; a United States program of economic aid for the reconstruction of Europe (1948-1952); named after George Marshall

marshall plan

Hyphenation

mar·shall plan

märşıl plän

/ˈmärsʜəl ˈplan/ /ˈmɑːrʃəl ˈplæn/

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