The primary objective of the Marshall Plan, enacted in 1948 after World War II, was to aid in the economic recovery of European nations devastated by the war. Officially known as the European Recovery Program, it aimed to restore stability and prosperity in Europe, preventing the spread of communism by fostering economic cooperation and political stability. The plan provided substantial financial assistance, helping European countries rebuild their infrastructures, industries, and economies. The Marshall Plan is credited with facilitating rapid recovery and leading to unprecedented growth in the postwar period.