Talk:Dawes Plan

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[edit] Irony

It's a little ironic that the USA made loans to Germany, so that Germany could make reparations to the UK and France, so that they in turn could repay their loans to the USA...

I'm researching this for an essay (but I swear I only use wikipedia for last names, i.e. ??? Dawes), and I found this great political cartoon in one of the older books. It shows the German chancellor writing an IOU for the French premier, writing an IOU for the British PM, who's looking at Uncle Sam, who's saying "give it all here now." - Darkhawk

[edit] Re:Irony

Not really.

That's why the plan failed; it was just circular. --DarkAdonis255 22:02, 29 April 2006 (UTC)

There is some controversy as to how much of the plan's failure was due to it's own formulation and how much was due to other far larger issues. In reality the economic spin off in terms of additional people employed and increased production worldwide was considerable for quite a few years prior to the program's cessation.--209.177.1.132 15:32, 22 May 2006 (UTC)jstone6487

[edit] Meaning of statement

I'm a little concerned by the following statement:

After World War I, this cycle of money from U.S. loans to Germany, which then made reparations to other European nations, which then used the money to pay off their debts to America, locked the western world's economy on that of the U.S., a situation which proved disastrous.

Particularly, I question whether the flow of debt indeed made any nation dependent on the US (they could default, so at best all nations were dependent upon each other) or that this situation proved disastrous. I believe that the economic conditions typically associated with the Great Depression in the US began earlier in Europe. The Great Depression is a complicated and not even now well understood phenomenon, and I think this paragraph makes too strong a statement. Coleca 08:43, 28 May 2007 (UTC)