Germany was defeated in World War I and was forced to sign the Treaty of Versailles. From 1924 to 193 1, Wall Street provided Germany with138 billion marks (about 354.38+0.38 billion marks) through the Dawes Plan and the Young Plan. During this period, Germany only paid 86 billion marks (about 20 billion US dollars) in war reparations. In fact, Germany received 52 billion marks (about 124 billion US dollars, equivalent to 620 billion US dollars now) from the United States for reorganizing the army and preparing for war, and the entire German military industry developed rapidly. So it took only three years for Germany to surpass the level before World War I in industry. However, the loan to Germany is actually to raise public funds by selling German bonds on Wall Street, from which Morgan and the Warburg family made huge profits.

So I said what you said is not quite right, hehe.