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What stopped the dawes plan?

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What stopped the dawes plan?
The US loaned money to Germany and Germany was to repay its reparations to Europeans after World War I. The Europeans were then to make loan payments to US (to repay the loans we gave them during WWI). The whole plan fell apart when the Great Depression hit. The Johnson Act later took effect which stated that the U.S would not trade or invest with any nation that wasn't paying their loans.
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What effect did Dawes Plan have on the economy of Germany?

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