The Dawes Plan, 1924
Notes
-Germany was struggling because they could not pay reparations and there weren't many jobs
-Charles Dawes gave Germany a lot of money to recover
-Germany recovered, and paid back France
-France gave USA back a lot of the money they gave Germany
-Germany was struggling because they could not pay reparations and there weren't many jobs
-Charles Dawes gave Germany a lot of money to recover
-Germany recovered, and paid back France
-France gave USA back a lot of the money they gave Germany
Quote: "There is no legislation--I care not what it is--tariff, railroads, corporations, or of a general political character, that all equals in importance the putting of our banking and currency system on the sound basis proposed in the National Monetary Commission plan." - William Howard Taft
Political Cartoon
BIG Question; To what extent was the Dawes Plan successful ?
Summary
Was an effort to help Germany with their reparations that they were still paying back. The US gave Germany money to get out of debt which essentially came back to the US.
Was an effort to help Germany with their reparations that they were still paying back. The US gave Germany money to get out of debt which essentially came back to the US.