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Informal. any comprehensive program for federally supported economic assistance, as for urban renewal.
a programme of US economic aid for the reconstruction of post-World War II Europe (1948–52) Official name European Recovery Programme

1947, named for its initiator, George C. Marshall (1880-1959), U.S. Secretary of State 1947-49.

A program by which the United States gave large amounts of economic aid to European countries to help them rebuild after the devastation of World War II. It was proposed by the United States secretary of state, General George C. Marshall.


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