THE ROARING 20S 1920 1929
AMERICAN ECONOMY IN THE 1920S
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The Dawes Plan
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The Four-Power Treaty
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Cooperative Individualism
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The Kellogg-Briand Pact
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Detailed explanation-1: -Under the Dawes Plan, Germany’s annual reparation payments would be reduced, increasing over time as its economy improved; the full amount to be paid, however, was left undetermined. Economic policy making in Berlin would be reorganized under foreign supervision and a new currency, the Reichsmark, adopted.
Detailed explanation-2: -Provisions and effects of the Dawes Act As a result of the Dawes Act, tribal lands were parceled out into individual plots. Only those Native Americans who accepted the individual plots of land were allowed to become US citizens. The remainder of the land was then sold off to white settlers.
Detailed explanation-3: -During the Dawes Plan of 1924-29, German borrowed abroad massively to pay reparations out of credit, a phenomenon that gave rise to the debate about the transfer problem between Keynes and his critics.
Detailed explanation-4: -This pushed the country into a state of hyperinflation. So, the United States of America intervened and introduced the Dawes Plan-to reorganise the Reichsbank and rework the terms of reparation.