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The Marshall Plan (the Plan) and the European Recovery Program (ERP) that it generated involved an ambitious effort to stimulate economic growth in a despondent and nearly bankrupt post-World War II Europe, to prevent the spread of communism beyond the "iron curtain," and to encourage development of a healthy and stable world economy.
The Marshall Plan, also known as the European Recovery Program, was a U.S. program providing aid to Western Europe following the devastation of World War II. In addition to economic redevelopment, one of the stated goals of the Marshall Plan was to halt the spread communism on the European continent.