Definition of the Marshall Plan from the Oxford Advanced Learner's Dictionary


the Marshall Plan

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a very large programme of US economic aid to 17 European countries after World War II (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.