UCF
AMH 2020 -
War Debts: And the World Economy
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AMH2020 July 9th Chapter 32 War Debts And the World Economy French and British demanded Germans make 32 billion war reparations Allies hoped they could repay war debts to U S with war reparations from Germany Germany did not pay Allies British and French did not pay U S French sent troops into Germany in 1923 German response allowing currency to inflate Germans near Americans unwilling to forgive or scale down war debts anarchy Solution Dawes Plan of 1924 rescheduled German reparations payments and opened the door for further American private loans to Germany U S bankers loaned money to Germany Germany paid reparations to Great Britain and France Allies paid war debts to U S Money Supply decrease Stock Market crash World Depression
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