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The end of the Second World War in 1945 left Europe economically devastated. Industrial infrastructure was destroyed, transport networks were disrupted, agricultural production had declined sharply, and millions were displaced. Hyperinflation, shortages of food and fuel, and the collapse of trade further deepened the crisis. In this context, economic recovery and development in post-war Europe involved a combination of domestic reconstruction efforts, international assistance, institutional innovation, and structural transformation, leading to unprecedented growth between the late 1940s and the early 1970s. One of the most significant factors in Western Europe’s recovery was the Marshall Plan, officially ____ _____ ___ ___ _______ ________ __________.
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