fter WWI, the USA provided loans to Germany through the ________ Plan, so that she could repay indemnity to the victorious countries.*1 pointYour answer
Question
After WWI, the USA provided loans to Germany through the ________ Plan, so that she could repay indemnity to the victorious countries.
1 point
Your answer
Solution
After World War I, the USA provided loans to Germany through the Dawes Plan, so that Germany could repay indemnities to the victorious countries. The Dawes Plan was enacted in 1924 and aimed to stabilize the German economy, which had been struggling under the heavy reparations imposed by the Treaty of Versailles. The plan involved restructuring Germany's payment schedule and providing loans from the United States to help bolster the German economy. This financial assistance was crucial not only for Germany's recovery but also for the overall stability of Europe during the interwar period. However, the reliance on American loans created vulnerabilities that were later highlighted by the Great Depression.
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