A programme of financial aid and other initiatives, sponsored by the US, designed to boost the economies of western European countries after the Second World War. It was originally advocated by Secretary of State George C. Marshall and passed by Congress in 1948.
Official name European Recovery Program
Definition of Marshall Plan in US English:
Marshall Plan
proper nounˈmärSHəl ˌplan
A program of financial aid and other initiatives, sponsored by the US, designed to boost the economies of western European countries after World War II. It was originally advocated by Secretary of State George C. Marshall and passed by Congress in 1948.