The Marshall Plan, officially known as the European Recovery Program, aimed to provide economic assistance to Western European countries after World War II. Instituted in 1948 and named after then-Secretary of State George C. Marshall, it focused on rebuilding war-torn nations, stabilizing their economies, and preventing the spread of communism. By offering financial aid, the United States sought to promote economic cooperation and integration among European countries. The initiative significantly contributed to the rapid recovery and revitalization of Europe’s economies, while bolstering political alliances, thus nurturing a foundation for future transatlantic relations.