Definitions for marshall plan
mar·shall plan

Princeton's WordNetRate this definition:0.0 / 0 votes

1. Marshall Plan, European Recovery Programnoun

   a United States program of economic aid for the reconstruction of Europe (1948-1952); named after George Marshall

WikipediaRate this definition:0.0 / 0 votes

1. Marshall Plan

   The Marshall Plan (officially the European Recovery Program, ERP) was an American initiative enacted in 1948 to provide foreign aid to Western Europe. The United States transferred over $13 billion (equivalent of $173 billion in 2023) in economic recovery programs to Western European economies after the end of World War II. Replacing an earlier proposal for a Morgenthau Plan, it operated for four years beginning on April 3, 1948. The goals of the United States were to rebuild war-torn regions, remove trade barriers, modernize industry, improve European prosperity and prevent the spread of communism. The Marshall Plan proposed the reduction of interstate barriers and the economic integration of the European Continent while also encouraging an increase in productivity as well as the adoption of modern business procedures.The Marshall Plan aid was divided among the participant states roughly on a per capita basis. A larger amount was given to the major industrial powers, as the prevailing opinion was that their resuscitation was essential for the general European revival. Somewhat more aid per capita was also directed toward the Allied nations, with less for those that had been part of the Axis or remained neutral. The largest recipient of Marshall Plan money was the United Kingdom (receiving about 26% of the total). The next highest contributions went to France (18%) and West Germany (11%). Some eighteen European countries received Plan benefits. Although offered participation, the Soviet Union refused Plan benefits and also blocked benefits to Eastern Bloc countries, such as Romania and Poland. The United States provided similar aid programs in Asia but they were not part of the Marshall Plan.Its role in rapid recovery has been debated. The Marshall Plan's accounting reflects that aid accounted for about 3% of the combined national income of the recipient countries between 1948 and 1951, which means an increase in GDP growth of less than half a percent.Graham T. Allison states that "the Marshall Plan has become a favorite analogy for policy-makers. Yet few know much about it." Some new studies highlight not only the role of economic cooperation but approach the Marshall Plan as a case concerning strategic thinking to face some typical challenges in policy, as problem definition, risk analysis, decision support to policy formulation, and program implementation.In 1947, two years after the end of the war, industrialist Lewis H. Brown wrote, at the request of General Lucius D. Clay, A Report on Germany, which served as a detailed recommendation for the reconstruction of post-war Germany, and served as a basis for the Marshall Plan. The initiative was named after United States Secretary of State George C. Marshall. The plan had bipartisan support in Washington, where the Republicans controlled Congress and the Democrats controlled the White House with Harry S. Truman as president. The Plan was largely the creation of State Department officials, especially William L. Clayton and George F. Kennan, with help from the Brookings Institution, as requested by Senator Arthur Vandenberg, chairman of the United States Senate Committee on Foreign Relations. Marshall spoke of an urgent need to help the European recovery in his address at Harvard University in June 1947. The purpose of the Marshall Plan was to aid in the economic recovery of nations after World War II and secure US geopolitical influence over Western Europe. To combat the effects of the Marshall Plan, the USSR developed its own economic recovery program, known as the Molotov Plan. The phrase "equivalent of the Marshall Plan" is often used to describe a proposed large-scale economic rescue program.In 1951 the Marshall Plan was largely replaced by the Mutual Security Act.

ChatGPTRate this definition:0.0 / 0 votes

1. marshall plan

   The Marshall Plan, officially known as the European Recovery Program, was an initiative by the United States designed to aid Western Europe after the devastation of World War II. Proposed by Secretary of State George C. Marshall in 1947, this program provided over $12 billion (equivalent to about $130 billion in current value) in economic assistance to help rebuild Western European economies in order to prevent the spread of Soviet Communism. The plan, executed under the supervision of the Economic Cooperation Administration, was in operation from 1948 to 1951. Its implementation successfully stimulated economic recovery and political stability in Europe.

WikidataRate this definition:0.0 / 0 votes

1. Marshall Plan

   The Marshall Plan was the American program to aid Europe, in which the United States gave economic support to help rebuild European economies after the end of World War II in order to prevent the spread of Soviet Communism. The plan was in operation for four years beginning in April 1948. The goals of the United States were to rebuild a war-devastated region, remove trade barriers, modernize industry, and make Europe prosperous again. The term "equivalent of the Marshall Plan" is often used to describe a proposed large-scale rescue program. The initiative was named after Secretary of State George Marshall. The plan had bipartisan support in Washington, where the Republicans controlled Congress and the Democrats controlled the White House. The Plan was largely the creation of State Department officials, especially William L. Clayton and George F. Kennan. Marshall spoke of urgent need to help the European recovery in his address at Harvard University in June 1947. The reconstruction plan, developed at a meeting of the participating European states, was established on June 5, 1947. It offered the same aid to the Soviet Union and its allies, but they did not accept it, as to do so would be to allow a degree of US control over the Communist economies. During the four years that the plan was operational, U.S. $13 billion in economic and technical assistance was given to help the recovery of the European countries that had joined in the Organization for European Economic Co-operation. This $13 billion was in the context of a U.S. GDP of $258 billion in 1948, and was on top of $13 billion in American aid to Europe between the end of the war and the start of the Plan that is counted separately from the Marshall Plan. The Marshall Plan was replaced by the Mutual Security Plan at the end of 1951.

Matched Categories

1. • Foreign Aid

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Numerology

1. Chaldean Numerology

   The numerical value of marshall plan in Chaldean Numerology is: 3

2. Pythagorean Numerology

   The numerical value of marshall plan in Pythagorean Numerology is: 1

Examples of marshall plan in a Sentence

1. Jennifer Granholm:

   I think it's a moment for us to ask at this point in our history, what is going to be our version of the Marshall Plan for clean and secure energy in 2022 and beyond, this clean energy transition could be the peace project of our time.

2. John Sopko:

   We spent more money than we've spent in any country in the history of the United States, more money than the Marshall Plan, so it's big bucks, what does this tell us, so the next time we do this, maybe we can do a better job? So I actually think of all the things we do, that may be the legacy that I want to leave.

3. Zhou Xiaochuan:

   In its essence, the Silk Road fund is not similar to the Marshall Plan.

4. Liberian President Ellen Johnson-Sirleaf:

   This can only be achieved with your support, there is no doubt this will require significant resources, perhaps even a Marshall plan.

5. Jane Pearce:

   I'd like to see (something) like a Marshall plan for Iraq that could re-build and keep it stable.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=marshall plan
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Marshall_Plan
3. ^ ChatGPT
   https://chat.openai.com
4. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=marshall plan