<Li> Germany would be loaned about $200 million, primarily through Wall Street bond issues in the United States </Li> <P> The bond issues were overseen by consortium of American investment banks, led by J.P. Morgan & Co. under the supervision of the US State Department . Germany benefitted enormously both from the influx of foreign capital . The Dawes Plan went into effect in September 1924 . Dawes and Sir Austen Chamberlain shared the Nobel Peace Prize . </P> <P> The economy of Germany began to rebound during the mid-1920s and the country continued with the payment of reparations--now funded by the large scale influx of American capital . However, the Dawes Plan was considered by the Germans as a temporary measure and they expected a revised solution in the future . In 1928, German Foreign Minister Gustav Stresemann called for a final plan to be established, and the Young Plan was enacted in 1929 . </P> <P> The Dawes Plan resulted in French troops leaving the Ruhr Valley . It provided a large capital influx to German industry, which continued to rebuild and expand . The capital now available to German industry functionally transferred the burdens of Germany's war reparations from German government and industry to American bond investors . The Dawes Plan was also the beginning of the ties between German industry and American investment banks . </P>

Who did the us lend money to in ww1