In any case, I wasn't speaking only of post-1945 US history, but rather of the Harding, Coolidge, Hoover era.
My understanding is Dawes Plan provided only partial relief & included new loans, so it worked only as temporary measure.
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I don't think that's right at all. To the contrary, Weimar recovered under Stresemann. But that recovery was cut short by the 1929 crash.
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