Calvin Coolidge's running mate, Charles Dawes is largely responsible for the Dawes plan of 1924; an attempt to pay off the damages from WWI. This intricate monetary "merry-go-round", as it was often called, gave money to Germany who then paid France and Britain for debts of the war. Former allies then paid the U.S. When the Depression hit, the "merry-go-round" stopped. Finland was the only nation to pay off their debts to the very last penny in 1976. The U.S. never received the money it was owed.