ABSTRACT
The Dawes Plan made a strong impression on the Moscow Politburo. Thus the Dawes Plan was interpreted only as a new instrument for the encirclement of Russia, for the preparation of German intervention under British sponsorship. In Germany the Dawes Plan met violent opposition from an articulate minority; it would result in the “colonization” of Germany, in its Balkanization". American bankers frequently preferred public utilities as an investment, since cities and states were considered safer than private enterprises. Thus, under the Dawes Plan, American private enterprise sponsored collective and community enterprises in Germany. The Frankfurt police knew, of course, that the meeting of the Sport Club, or whatever Hugo Eberlein had called it that day, was actually a Communist Party convention. The Fifth World Congress interpreted the European situation imprecisely; an ambiguous concept of relative capitalist stabilization hampered a resolute change of Communist policy.
