Word: germanization
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Dates: during 1920-1929
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During that black interlude, and while Dr. Schacht was telling German correspondents that further negotiations would be useless, an entire new plan was drafted in Paris by Chairman Young, working far into every night, consulting frequently with the senior U. S. delegate, J. Pierpont Morgan...
When the "Iron Man" returned toward Paris, he was met at the French frontier by three subordinates of the German delegation, bearing copies of the Young Plan. Three hours later Dr. Schacht reached Paris, and for two hours was closeted with Mr. Young. Both emerged in evident good humor. Quickly a special meeting of the Second Dawes Committee was called by Chairman Young, who rapped briskly for order and then said...
...Germany to pay 18 billion dollars over 37 years. 2) The annual payments to average $487,600,000, and of this $165,900,000 to be paid unconditionally, with payment of the rest conditioned on German capacity to pay without impairing the value of the mark?a protection which the Fatherland already enjoys under the so-called "transfer clause" of the Dawes Plan...
Since ignored Russia and impotent Germany could not influence the decisions of the statesmen in Geneva, a practical effect of the Hoover decision was to enable France and Italy to carry their point that "trained reserves" and "military supplies" shall not be reduced. The German delegate, Count von Bernstorff, expressed his chagrin as follows...
...returned to London from a business trip to the U. S. and imparted to his countrymen some shrewd advice. "I want to say a word." he began, "against slavish copying of methods which may have produced prosperity in other lands. Take such experiments as American mass production methods or German cartelized [trust] control of entire industries. These may be only passing phases. At any rate remember that our traditional lines of development have little in common with those countries...