the Marshall Plan
/ðə ˈmɑːʃl plæn/
/ðə ˈmɑːrʃl plæn/
- a very large programme of US economic aid to 17 European countries after the Second World War (1948-52). Its official title was the European Recovery Program. The plan was named after the person who set it up, US Secretary of State George C Marshall (1880-1959), and it was operated by the Organization for European Economic Cooperation. Marshall received the Nobel Prize for peace in 1953.