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The Cuno Government and Reparations 1922-1923: Politics and Economics

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When the First World War ended, the political and economic system of prewar Europe lay in ruins. Though Allied politicians tried at various post­ war conferences to create a new and stable European order they failed because of conflicting and competing national interests. The peace settle­ ments neither established security from renewed attacks by the defeated nations nor did they lay the groundwork for a reconstruction of Europe's devastated economic system, because the members of the Alli...