USA lends money to Germany which is spent on building up the economy
Germany uses increased tax revenues to pay reparations to France
France pays back war loans to the USA and imports US goods to help rebuild France
video
summary
The Dawes allowed Germany to rebuild, and the US to receive more many from Britain and France, by loaning money to Germany.
Political cartoon
"There is no legislation--I care not what it is--tariff, railroads, corporations, or of a general political character, that all equals in importance the putting of our banking and currency system on the sound basis proposed in the National Monetary Commission plan." -William Howard Taft
What would the turnout have been if they had never switched to the young plan?