American Influence on Post-World War I Recovery of Germany
ARMY COMMAND AND GENERAL STAFF COLLEGE FORT LEAVENWORTH KS
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The Treaty of Versailles imposed conditions upon Germany that led directly to the collapse of its currency and economy. The United States was directly involved in, and essential to, the economic recovery of Germany following World War I. The political and security concerns prevented Germanys neighbors from taking a lead in the recovery effort, which, along with the strong economy in the United States led to American leadership of the recovery effort. There were two major undertakings led by the United States, first the Dawes Plan which balanced the German budget and stabilized the currency, and second the Young Plan which attempted to establish a final amount of reparations that Germany was required to pay. Throughout this process, the United States maintained control over European war debt and additional loans to Germany, which gave the United States influence over the global economy. This came to an end during the Great Depression, as the United States began to extricate itself from the global economy.
- Economics and Cost Analysis
- Government and Political Science
- Humanities and History