Dawes Plan
- Charles Dawes comes up with plan
- lend Germany a bunch of money
- Germany takes the money and invests it into infrastructure
- then took income tax and payed it back to France for reparations
- France then pays the states with the money because they owed them
Quote
Mediocrity requires aloofness to preserve its dignity. - Charles Dawes
Summary
US lends money to Germany so that they could make money to pay for war reparations to France, and then FRance owed the US money so they got it back.
Subjunctive question
If they lent more money, could they have made it back?
Mediocrity requires aloofness to preserve its dignity. - Charles Dawes
Summary
US lends money to Germany so that they could make money to pay for war reparations to France, and then FRance owed the US money so they got it back.
Subjunctive question
If they lent more money, could they have made it back?