The main aim of the Marshall Plan, officially known as the European Recovery Program, was to aid in the economic recovery of European nations after World War II. Implemented in 1948, the plan aimed to rebuild war-torn regions, remove trade barriers, modernize industry, and improve European prosperity. By offering substantial financial assistance, the U.S. sought to combat the spread of communism and stabilize European economies, thus fostering political stability. The Marshall Plan is widely credited with revitalizing the European economy, helping to establish conditions for a lasting peace and cooperation in Europe.