The German Hyperinflation ended in November 1923, due to a currency reform. The Mark was replaced by the pension mark at a ratio of 1:1 trillion.
The result was a state free of debt except for reparation payments. As the repayment of loans was no longer a problem, there was an upswing in industry.
Now it was time for the us monarchy to ensure that it was able to secure the profits of its great war loans.
With the help of the other debtors (allies), the reparation payments were newly regulated in the ” Dawes Plan:
- Wikipedia: Dawes Plan
Namesake, Charles Dawes was a leading banker from Chicago, and later Vice-President of the United States. With the help of the US government, the US MoneyMonarchy regulates its interests worldwide.
- For next five years, 1 billion Reichsmark
- In the following years, 2.5 billion Reichsmarks
- Later, according to the economic performance
To enable the payments in principle, a US consortium granted Germany a loan of 800 million dollars, term 25 years, interest rate 7%.
The consortium was led by J. P. Morgan & Co and placed under the supervision of the U.S. state Department. To be sure, the Germans were deprived of control of the German Central Bank and placed under a 14-headed General Council, half of which consisted of foreigners.
The US financial expert Parker Gilbert, later managing Director of J. P. Morgan, settled as Governor in Berlin and took over the organization of reparation payments and the supervision of the gold cover to secure the repayment of the loans.
The new president of the central bank (Reichsbank) was Hjalmar Schacht, a MoneySoldier. According to Shaft, Germany received more foreign loans between 1924 and 1929, than the U.S. in the forty years before the first world war.
These loans generated an economic upswing, the golden twenties were the result. Their end was to be seen. Germany paid reparations with loans. Due to ever higher protective customs duties in USA, there were ever higher import surpluses in Germany.