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The Dawes Plan was an attempt to reschedule reparation payments being made by Germany to the two major Allies of World War I. No reduction of the amount owed by Germany was made in the Dawes Plan. American bankers loaned money to Germany and Germany made payments to Britain and France. Britain and France used some of that money to pay debts to American creditors. As a result, the European economy became stagnant and the American economy also began to suffer. Money that was supposed to go into the nation's economy simply went in circles to pay off debts owed as a result of the war.

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Q: In Dawes Plan who did the US lend money to?
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Related questions

What 1924 agreement provided us loans to Germany?

The Dawes Plan


Is it true the dawes plan caused great resentment among the US?

yes


How did the Dawes plan benefit the us economy?

Native Americans in the United States


What us plan arranged for loans to be made to Germany so that it could pay was reparations?

Under the Dawes Plan


How did the dawes plan improve Germany's economy?

The Dawes plan helped with Germany's econmy the U.S. gave money to the Germans so that they could pay back their "bills" to the French and British because of the Treaty or Versailles, so that when those countris recieved the money they could pay back the U.S


Why does the US lend money to foreign countries?

For lots of reasons. It is in the interest of the US to lend money to other countries. It helps those countries. It improves relations between them. Most importantly, when the money is paid back, the US makes a profit.


What Act was created to help Germany pay reparation?

The act was called the Dawes plan, this was when Germany borrowed 3000 million from the US banks in order to pay repirations. Gustav Stresemann was responsible for this very helpful act. Answer: The Dawes Plan


What plan did the US use to supply Britain with supplies during World War 2?

lend/lease


How did the US loan money to the allies?

The US used the lend lease program until the US officially entered the war.


Would a bank loan or lend money?

A bank might lend you money if you apply for a loan. This comes down to grammar calisthenics. In US English the words are interchangeable. "Loan" is most commonly used in the US vernacular. However if you wish a strict reading of the words: Loan is a noun. Lend is a verb.


What 1924 agreement reduced German reperations and provided US loans to Germany?

The Dawes Plan.... Im not sure it was all wikipedia


What plan aloud the US to sell military equipment to Britain?

lend-lease. Britain leased the US bases in the Caribbean and the US provided Britain with much needed supplies.