aug 1, 1924 - The Dawes Plan in the Weinmar Republic (Germany) John Foster Dulles plays major role

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The Dawes Plan (as proposed by the Dawes Committee, chaired by Charles G. Dawes) was a plan in 1924 that successfully resolved the issue of World War I reparations that Germany had to pay. It ended a crisis in European diplomacy following World War I and the Treaty of Versailles.

John Foster Dulles: As a partner in Sullivan & Cromwell, Dulles expanded upon his late grandfather Foster's expertise, specializing in international finance. He played a major role in designing the Dawes Plan, which reduced German reparations payments and temporarily resolved the reparations issue by having American firms lend money to German states and private companies. Under that compromise, the money was invested and the profits sent as reparations to Britain and France, which used the funds to repay their own war loans from the U.S. In the 1920s Dulles was involved in setting up a billion dollars' worth of these loans.

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