Final answer:
The American rescue package that saved European economies is known as the Marshall Plan.
It provided over $12 billion in economic aid to European nations, helping them rebuild their infrastructure and restore their industrial capacity.
Step-by-step explanation:
In 1947, Secretary of State George C. Marshall called for economic assistance to rebuild postwar Europe.
The Marshall Plan provided over $12 billion in economic aid to European nations, helping them rebuild their infrastructure and restore their industrial capacity.
The funds from the Marshall Plan were vital in preventing destitution and the spread of communism in Western Europe.
The success of the Marshall Plan is evident in the recovery of Western Europe, especially Germany, which became prosperous again by the early 1950s.
The Marshall Plan not only supported the European economies but also helped ensure the stability of the U.S. economy by providing a market for American goods and preventing an economic depression after World War II.