The Dawes Plan
A)called on the U.S. government to lend money to Germany.
B)ended the steel strike in 1924.
C)resulted in the reduction of Germany's war debt.
D)was heavily criticized by U.S. bankers.
E)was opposed by the Republican Party.

Question

Quizplus · Accepted Answer

The Dawes Plan was an agreement in 1924 that resulted in a reduction of Germany's war debt and set up a schedule of payments. It also facilitated foreign investment in Germany, which helped its economy. It did not involve the U.S. government lending money to Germany, and while it may have been criticized by some U.S. bankers, it was generally supported by both parties in the U.S. government.