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In the 1920s, President Coolidge Famously Said, "They Hired the Money

Question 47

Multiple Choice

In the 1920s, President Coolidge famously said, "They hired the money, didn't they?" What situation was he referring to?


A) financing German reparation payments to the Allies with American capital
B) French and Belgian occupation of the Ruhr Valley after Germany missed a reparation payment
C) a reduction of overseas loans by American bankers after the stock market crash
D) opposition to canceling the repayment of World War I war debts by the Allies

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