4x What impact did the Marshall Plan have on the global economy after World War II? A It fueled economic growth by increasing demand for goods and services. B It contributed to the economic recovery of war-torn European countries. C It led to an increase in government regulation of private industries. D It isolated the United States economically from the rest of the world.

## Step 1<br />The Marshall Plan, also known as the European Recovery Program, was an American initiative that aimed to aid Western Europe in recovering from the devastation of World War II. This plan was initiated in 1948 and lasted until 1952.<br /><br />## Step 2<br />The Marshall Plan had a significant impact on the global economy after World War II. It provided financial aid to war-torn European countries, which helped them to recover and rebuild their economies.<br /><br />## Step 3<br />The Marshall Plan also helped to foster economic cooperation between the United States and Western Europe. This cooperation led to the creation of institutions like the Organisation for European Economic Co-operation (OEEC), which later evolved into the Organisation for Economic Co-operation and Development (OECD).<br /><br />## Step 4<br />The Marshall Plan also helped to prevent the spread of communism in Western Europe. This was a significant impact on the global economy, as it helped to create a more stable and prosperous Europe.