NEWSAR
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FA

foreign assistance

Topic Economic

The Marshall Plan was an American initiative enacted in 1948 to provide foreign aid to Western Europe. The United States transferred $13.3 billion to 17 European countries in economic recovery programs to Western European economies after the end of World War II in Europe. Replacing an earlier proposal for a Morgenthau Plan, it operated for four years beginning on April 3, 1948; though in 1951, the Marshall Plan was largely replaced by the Mutual Security Act. The goals of the United States were

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