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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>
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the main causes of diseases among indigenous tribes were caused by the arrival of the English to America who arrived with new diseases for which the indigenous people had no bodily defenses
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The conquistadors who swept through the New World were armed with steel swords forged in the Spanish city of Toledo. Settler communities in North America and the Cape of Good Hope were able to capitalize on European-invented steel rails, steel locomotives and steel ships to transform their model European economies.