What us policy giving massive loans and grants to western Europe?

The Marshall Plan was a U.S.-sponsored program of economic recovery for Western Europe following the devastation of World War II. The plan was proposed by U.S. Secretary of State George Marshall in a speech at Harvard University on June 5, 1947. The Marshall Plan provided over $13 billion in economic assistance to 16 Western European countries. The plan was a success in helping to rebuild the European economy and preventing the spread of communism in Western Europe.