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Mediocrity requires aloofness to preserve its dignity.
Charles G. Dawes
Charles G. Dawes
Dawes Plan, 1924
- USA involving itself in European economy
- USA uses money to help Germany
- Germany gets income taxes and pays reparations to France
- France pays back USA the loan
- USA's involvement in European economey helped itself
The Young Plan, 1929
- German's reparations reduced by 75%
- had to be paid in 75 years
- People were still upset although it was reduced but because they still had to pay
- Hitler came in and stopped paying
- Owen Young involved in Europe - not Isolationism
Summary
The Dawes Plan and Young Plan are USA's plans to help Europeans economy and this was completely not isolationism.