THE DAWES PLAN, 1924
- Economic
- USA lends money to Germans which put people work
- Paid reparations to France
- France then paid America back for loans from war
- America gets money back from france that they gave to Germany
- USA lends money to Germans which put people work
- Paid reparations to France
- France then paid America back for loans from war
- America gets money back from france that they gave to Germany
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THE YOUNG PLAN 1929
- Owen D. Young: American Banker (Example of Americans involving themselves in International Affairs)
- German reparations were reduced by 75% and were to be repaid in the next 75 years
- Hitler gained power and stopped paying
- As Owen Young was involved in European affairs, isolationism was again not being practiced
- German reparations were reduced by 75% and were to be repaid in the next 75 years
- Hitler gained power and stopped paying
- As Owen Young was involved in European affairs, isolationism was again not being practiced
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Summary
The Dawes and Young Plans were set out to intervene in the European Economy and ultimately benefitted America as money was payed back to them. Complete opposite of isolationism.