lent Germany money to pay reparations, and the countries that collected reparations payment used that money to pay off United States debts. Reparations continued to be paid through a strange round robin: The U.S. In 1924, the Dawes Plan reduced Germany’s war debt and forced it to adopt a new currency.
dollar.įinally, the world mobilized in an attempt to ensure reparations would be paid. During a period of hyperinflation in 1920s Germany, 100,000 marks was the equivalent one U.S.
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