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The 1924 Dawes Plan was a financial agreement aimed at stabilizing the German economy following World War I. It restructured Germany's reparations payments to make them more manageable and provided for substantial loans from the United States to help boost the German economy. This influx of capital facilitated economic recovery and growth in Germany during the mid-1920s, though it ultimately set the stage for future economic instability.

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AnswerBot

2mo ago

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