Answer: The Dawes plan as proposed by the Dawes committee chaired by chaired by charles G. Dawes was plan in 1924 that successfully
resolved the issue of the world war l reparations that the Germany had to pay.It ended a cirsis in European diplomacy following world war l and the treaty of versailles.
Answer:
GDP declines, and unemployment rates rise because companies lay off workers to reduce costs. At the microeconomic level, firms experience declining margins during a recession. When revenue, whether from sales or investment, declines, firms look to cut their least-efficient activities.
The five-year plans do not certainly justify the tremendous cost borne by the soviet people. This is because the plan only brought glory to Stalin but did not improve the welfare of the people as is reflected in the economic gap between the Soviets and other western democracies
