Questions and Answers
What was the Fordney McCumber tariff?
America adopted this which raised taxes on U.S. imports to 60%.
Why did French troops 'march in' to Germany?
Germany defaulted on payment.
What was about to take place if Charles G. Dawes did not negotiate loans?
Another war between Germany and France.
What was the Dawes Plan?
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What were two problems or controversies associated with the Dawes Plan?
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Study Notes
Fordney McCumber Tariff
- Implemented in 1922, increasing import taxes on U.S. goods up to 60%.
- Aimed to protect American industries and reduce foreign competition.
French Troops in Germany
- French forces entered Germany due to Germany's failure to make reparations payments post-World War I.
- This military action heightened tensions between Germany and France.
Potential Conflict
- Urgent diplomatic intervention became necessary to avoid a resurgence of conflict between Germany and France.
- Charles G. Dawes played a crucial role in negotiating financial aid to stabilize the situation.
Dawes Plan
- Initiated in 1924, it provided $2.5 billion in loans from American investors to Germany.
- The plan established annual payment schedules for Germany to repay Britain and France.
Controversies of the Dawes Plan
- Payments made by Germany to Britain and France largely returned to the U.S., creating a cycle of financial dependency.
- Critics argued the plan essentially had the U.S. repaid with its own money, raising questions about its sustainability and ethical implications.
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Description
Explore key concepts related to the Fordney McCumber Tariff and its effects on U.S. imports. This quiz covers important historical events, including the Dawes Plan and its significance in post-World War I Europe. Test your knowledge and understanding of these pivotal topics in American history.
