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The Marshall Plan stimulated European industrialization and attracted significant investment to the region. It also helped the US economy by developing markets for American goods.

What was the Marshall Plan's most important political impact?

The Marshall Plan was a United States-sponsored scheme that was launched after World War II. It was designed to help European countries devastated by the war, and it was unveiled by U.S. Secretary of State George Marshall during a speech at Harvard University. The European Recovery Program was authorized by Congress.

The Marshall Plan provided more than $13 billion in help to European nations, particularly Germany and Italy, and was critical in rebuilding their postwar economy. As a result, the Marshall Plan has deemed a success.

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