Under the Dawes Plan
Germany's repayment of war reparations hinged on loans from the United States. World War I ended on November 11, 1918.
Its was 1923 :P The same year that Hitler took over German government....but he faailed and got sent to prison insted. :) -----------------------> No -it's the wrong answer above; Hitler never took over the German govt. in 1923. Germany stopped paying Versailles reparations in 1931 - before the Nazis took power in 1933.
The Great Depression was global. No country was able to insulate itself from it. Germany was more severely affected than some countries because it was very dependent on short term loans from the U.S. Germany took out loans from the United States to pay its reparations.
Weimar-Germany recovered from its problems in 1928 by agreeing to pay reparations as well as bringing workers back to work and ending passive resistance. The workers were no longer on strike. Gustav Stresseman helped Germany recover from hyper-inflation by changing the currency, agreeing to pay reparations, and borrowing money from America. The Dawes Plan was a huge achievement to Germany as they were given longer to pay reparations which meant the amount they had to pay each year was less. Also the Young Plan decreased the amount Germany had to pay because everyone had better relationships with Germany. A new government was formed and Germany was paying reparations as foreign banks were lending them money and America was lending huge loans to Germany, over 800 million. This meant Germany had more then enough to pay back reparations. Germany also invested in a new economy and built new machinery, buildings, hospitals, schools, factories. Germany became a lot richer and the industry took off. By 1928 they were producing the same amount as they had before the war, by 1929 they were producing 33% more then before the war. Germany was the most successful economy and had the fastest recovery than either Britain or France. Factory workers' pay increased hugely and their working conditions improved as well. All of their success were because of American loans, however the loans could be called back at any time. Germany had recovered from all of its problems by 1928 and was doing just as well as they had before the war. However as all of their successes were because of loans, Germany was at risk and as Stresemann said "Germany was dancing on a volcano"
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.
loans from the United States.
Germany's repayment of war reparations hinged on loans from the United States. World War I ended on November 11, 1918.
a) private American bank loans to Germany that enabled Germany to pay war reparations b) forgiving the Allied loans and German reparations c) the creation of a new international economic system the the League of Nations d) the rise of Mussolini and Hitler e) forcing Germany to pay off the allied loans to the United States Sorry don't know which one but i think its a! hope that helps someone in need
Charles dawes
The Dawes Plan
Its was 1923 :P The same year that Hitler took over German government....but he faailed and got sent to prison insted. :) -----------------------> No -it's the wrong answer above; Hitler never took over the German govt. in 1923. Germany stopped paying Versailles reparations in 1931 - before the Nazis took power in 1933.
Germany's economy, still recovering from World War 1, could not generate enough money to pay back the loans. Good luck plato kids!
The Great Depression was global. No country was able to insulate itself from it. Germany was more severely affected than some countries because it was very dependent on short term loans from the U.S. Germany took out loans from the United States to pay its reparations.
The Weimar republic was successful because it saw in Germany's short economic boom, however this economic boom was helped by US loans and help with reparations payments for WW1. The Weimar Republic was successful because it did help Germany's wealth, however this was only because of the US
Weimar-Germany recovered from its problems in 1928 by agreeing to pay reparations as well as bringing workers back to work and ending passive resistance. The workers were no longer on strike. Gustav Stresseman helped Germany recover from hyper-inflation by changing the currency, agreeing to pay reparations, and borrowing money from America. The Dawes Plan was a huge achievement to Germany as they were given longer to pay reparations which meant the amount they had to pay each year was less. Also the Young Plan decreased the amount Germany had to pay because everyone had better relationships with Germany. A new government was formed and Germany was paying reparations as foreign banks were lending them money and America was lending huge loans to Germany, over 800 million. This meant Germany had more then enough to pay back reparations. Germany also invested in a new economy and built new machinery, buildings, hospitals, schools, factories. Germany became a lot richer and the industry took off. By 1928 they were producing the same amount as they had before the war, by 1929 they were producing 33% more then before the war. Germany was the most successful economy and had the fastest recovery than either Britain or France. Factory workers' pay increased hugely and their working conditions improved as well. All of their success were because of American loans, however the loans could be called back at any time. Germany had recovered from all of its problems by 1928 and was doing just as well as they had before the war. However as all of their successes were because of loans, Germany was at risk and as Stresemann said "Germany was dancing on a volcano"
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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.