The economic policy aimed to facilitate the recovery of Europe after World War II was the Marshall Plan. Initiated in 1948, this American initiative provided extensive financial aid to help rebuild European economies devastated by the war. The plan aimed to restore economic stability, prevent the spread of communism, and promote long-term economic cooperation between Western nations. By investing in European recovery, the Marshall Plan significantly enhanced economic growth, established strong political alliances, and eventually contributed to the formation of the European Economic Community.