1925 — Charles Dawes, Banker and later Vice-President of the United States:

Photo of Charles Dawes
The award was shared with J. Austen Chamberlain of the United Kingdom. Dawes developed and negotiated what was known as the Dawes Plan, a five year plan that reduced the burden of German payments for the damages done in World War I. This improved the economy of Germany and Europe after a period of ruinous inflation in Germany.

“Mediocrity requires aloofness to preserve its dignity.”






Photo: Courtesy of and Copyright © The Nobel Foundation

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