The Dawes Plan provided short term economic benefits to the German economy. It softened the burdens of war reparations, stabilized the currency, and brought increased foreign investments and loans to the German market. However, it made the German economy dependent on foreign markets and economies, and therefore problems with the U.S. economy (e.g. the Great Depression) would later severely hurt Germany as it did the rest of the western world, which was subject to debt repayments for loans of American dollars.
<span>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. </span>
<span>Charles G. Dawes was the co-recipient of the Nobel Peace Prize in 1925, in recognition of his work on the Dawes Plan. </span>
The Dawes Plan provided short term economic benefits to the German economy. It softened the burdens of war reparations, stabilized the currency, and brought increased foreign investments and loans to the German market. However, it made the German economy dependent on foreign markets and economies, and therefore problems with the U.S. economy (e.g. the Great Depression) would later severely hurt Germany as it did the rest of the western world, which was subject to debt repayments for loans of American dollars.
<span>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. </span>
<span>Charles G. Dawes was the co-recipient of the Nobel Peace Prize in 1925, in recognition of his work on the Dawes Plan. </span>
In October 1973, the United States of America was perhaps the largest economic crisis since World War II.
Six days after the start of the Yom Kippur war, US President Nixon approved military assistance to Israel worth $ 2.2 billion after the Soviet Union did an identical thing to the Arab states.
The embargo did not last long on the scene and was taken down in March 1974, but due to the earlier crisis, oil prices remained high. Contrary to expectations, the state introduced several new laws, such as safety standards (which only increased the dimensions of already tall cars) and the so-called "Clear Air Act", aimed at reducing smog rates.
Answer: The overall message was one of greater equality. So the First Great Awakening paved the way for independence and the Constitution. Speaking about spiritual equality encouraged colonists to think more about the need for democracy in both church and state.
