3 ms·
Sure, no problem. It relates to D&Y as it's similar in vein. It was wildly successful in getting European economies rolling again, but the hook was that it en
by madaxe 13y ago
Sure, no problem.
It relates to D&Y as it's similar in vein.
It was wildly successful in getting European economies rolling again, but the hook was that it ensured penetration into and possession of European markets by American business interests. It also served as a cultural hook, by massively upping the volume of American goods exported to Europe. Either way, it was pretty successful in its publicised goals, but also very successful in the less spoken about goals of US hegemony.
D&Y were overtly intended to make Germany dependent on the US, and the great depression pretty much directly precipitated the fall of the Weimar republic and the rise of National Socialism, as it absolutely buggered their economy and caused huge resentment.
Dawes of course got the Nobel Peace Prize, even though his work would ultimately set the stage for the bloodiest conflict the world has ever known.
- gtt 13y agoThank you for clear explanation. Any further reading (besides wikipedia)?