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History, 02.09.2021 06:10 mykamorrow
After World War I, Germany defaulted (failed to make payment) on its reparations payments to
Britain and France. To avoid another war, American Charles G. Dawes was sent to Europe to negotiate a
solution, resulting in what came to be known as the Dawes Plan. Under the provisions of this plan,
American investors loaned Germany $2.5 billion, which Germany used to pay its reparations to Britain
and France. Those 2 countries then used that money to pay debts to the US. In effect, the US arranged to
be repaid with its own money! This "solution" caused resentment all around. Why?
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Answers: 2
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After World War I, Germany defaulted (failed to make payment) on its reparations payments to
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