Marshall-plan definition

A plan put forth by George C. Marshall Jr. to rebuild postwar Europe. The plan called for giving about $12 billion of U.S. aid to Western Europe in the late 1940s. Marshall won the Nobel Peace Prize in 1953, the only professional soldier ever given that award.
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The U.S.-financed program (1947-51) for the rebuilding of European agriculture and industry after WWII: official name European Recovery Program.
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