Posted by 5whitneyyy on December 1, 2009 at 1:55pm
Today a few people started testing and said it was really hard. I studied about the Fordney-McCumber Tariff. The Fordney-McCumber Tariff raised taxes on United States imports to 60%, which was very very high. The tax protected many U.S. businesses especially industries dealing with metals and chemicals. The tax protected them from foreign competition. It also made it impossible for certain countries such as Britain and France to repay depts. They were unable to sell enough goods in the United States. Britain and France turned to Germany for help. But Germany was dealing with major inflation. When Germany failed to make payment French troops stepped in. Charles G. Dawes was an american banker who was sent to nagotiate loans. This became known as the Dawes Plan. Investors offered Germany $2.5 billion to pay back Britain
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