The Marshall Plan, officially known as the European Recovery Program, was implemented by the United States after World War II to aid the economic recovery of European nations. Launched in 1948, the plan provided over $12 billion (approximately $130 billion today) in economic assistance to help rebuild war-torn countries, foster economic cooperation, and mitigate the spread of communism by stabilizing European economies. The aid supported the reconstruction of infrastructure, revitalization of industries, and the initiation of various modernization projects, significantly contributing to Europe’s recovery in the post-war era.