who was schacht? what was dawes plan
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He served as the Currency Commissioner and President of the Reichsbank under the Weimar Republic.
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Under the Dawes Plan regime of 1924 to 1928, Germany indeed borrowed the equivalent of 25% of her na- tional income of 1929 abroad, largely from the U.S., thereby far outweighing reparation payments during the same period.
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