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Meaning of European Recovery Program

Europe'an Recov'ery Pro"gram

Pronunciation: [key]
  1. 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. Abbr.: ERP, E.R.P.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.