The Dawes Plan 1924
• USA lends money to Germany which is spent on building up the German economy
• Germany uses increased tax revenues to pay reparations to France
• France pays back war loans to the USA and imports goods to held rebuild France
• The USA gets back the money they lent to Germany
• Germany uses increased tax revenues to pay reparations to France
• France pays back war loans to the USA and imports goods to held rebuild France
• The USA gets back the money they lent to Germany
"no arranged terror: no forcing of image, plan,
or thought:
no propaganda, no humbling of reality to precept:
terror pervades but is not arranged, all possibilities
of escape open: no route shut."
- Archie Randolph Ammons
or thought:
no propaganda, no humbling of reality to precept:
terror pervades but is not arranged, all possibilities
of escape open: no route shut."
- Archie Randolph Ammons
The Young Plan
• Owen D. Young, american baker
• Recommendation that German reparations should be reduced by 3/4
• Annual payments to be made on a scaled model (over a time period of 75 years)
• Germans hate it (Hitler, didn't think Germany had to pay any money, and eventually stopped paying)
"It takes vision and courage to create - it takes faith and courage to prove." - Owen Young
• Recommendation that German reparations should be reduced by 3/4
• Annual payments to be made on a scaled model (over a time period of 75 years)
• Germans hate it (Hitler, didn't think Germany had to pay any money, and eventually stopped paying)
"It takes vision and courage to create - it takes faith and courage to prove." - Owen Young