definitions

European Recovery Program

noun

a plan for aiding the European nations in economic recovery after World War II, proposed by U.S. Secretary of State George C. Marshall in 1947 and implemented in 1948 under the Economic Cooperation Administration. Abbreviation: ERP, E.R.P.

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Also called Marshall Plan.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019