Dawes Bonds - German Bonds, Gold Bonds,
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Under the Versailles Peace Treaty of 1919, the German Government accepted the responsibility to pay reparations to the Allied Powers for losses sustained by the Allied powers as a consequence of World War I. Because of Germanys dire financial and economic predicament following World War I, Germany was unable to fulfill the reparations obligations imposed on it by the Versailles Peace Treaty. To stabilize Germanys currency and economy, it was provided under the Dawes Plan that a loan of 800 million gold marks, known as the German External Loan 1924 (“Dawes Loan”), be made in international markets in various currencies.
Tip: nejlepší výběr dovolených 2024
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