Stresemann’s first success was the Dawes Committee, which met in Paris in 1924 to establish a workable system through which Germany could pay reparations without jeopardizing its financial stability.16 The chairman of the Committee was General Charles G. Dawes, a Chicago banker and industrialist who had presided over the American and inter-Allied procurement in World War I. But the actual architect of the scheme was Owen Young, the chairman of General Electric
