What was the name of the U.S. policy that gave economic aid to European democracies after World War 2?

The U.S. policy that provided economic aid to European democracies after World War II was known as the Marshall Plan. Officially called the European Recovery Program, it was initiated in 1948 to help rebuild war-torn European economies, prevent the spread of communism, and promote political stability. The plan allocated over $12 billion in aid, significantly contributing to the recovery and growth of Western European nations.