Notes
USA -- USA lends money to Germany which is spent on building up the German economy -- Germany -- Germany uses increased tax revenues to pay reparations to France -- France -- France pays back war loans to the USA and imports US goods to held rebuild France
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Summary
USA lends money to Germany which is spent on building up the German economy. Germany uses increased tax revenues to pay reparations to France. France pays back war loans to the USA and imports US goods to held rebuild France.
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Political Cartoon
Quotes
There is no legislation--I care not what it is--tariff, railroads, corporations, or of a general political character, that all equ als in importance the putting of our banking and currency system on the sound basis proposed in the National Monetary Commission plan. -William Howard Taft
Subjunctive Question
What would have happened if the U.S. didn't lend money to Germany?