A Bubble That Broke the World by Garet Garrett (pg. 89)

Since the Dawes Plan took effect–since 1924, that is to say–Germany’s net payments on account of reparations, according to her own figures, have amounted to $2,350,000,000.

In the same time, still according to her own statistics, she has borrowed from other countries the incredible sum $3,750,000,000.