Dawes Plan
In the early 1920's Germany was struggling because their economy was shot and they didn't have jobs. Dawes came up with a plan where the US would give Germany a bunch of money to spend on building up the economy.
Germany uses increased tax revenues to pay reparations to France.
The Dawes Plan was an attempt following World War I for the Triple Entente to compromise and collect war reparations debt from Germany. It resulted as a consequence to Germany's failure to pay back the reparations. The spiraling inflation destroyed the value of the mark, so majority of Germany was poor and bankrupt. The Dawes Plan (as proposed by the Dawes Committee, chaired by Charles G. Dawes) was an attempt in 1924 to solve the reparations problem, which had caused great trouble in international politics post world war 1 and the Treaty of Versailles.
American and British bankers provided loans to enable Germany to expand production and make reparations payments to the Allies; these payments rose gradually until 1929, when the Young Plan again reduced the final amount owed.
Germany uses increased tax revenues to pay reparations to France.
The Dawes Plan was an attempt following World War I for the Triple Entente to compromise and collect war reparations debt from Germany. It resulted as a consequence to Germany's failure to pay back the reparations. The spiraling inflation destroyed the value of the mark, so majority of Germany was poor and bankrupt. The Dawes Plan (as proposed by the Dawes Committee, chaired by Charles G. Dawes) was an attempt in 1924 to solve the reparations problem, which had caused great trouble in international politics post world war 1 and the Treaty of Versailles.
American and British bankers provided loans to enable Germany to expand production and make reparations payments to the Allies; these payments rose gradually until 1929, when the Young Plan again reduced the final amount owed.