(MC)Which describes the effect of the Dawes Plan? O Germany defaulted on its reparations payments, and the United States took control of German territory. O The United States was able to resolve its financial problems left over after World War I. O The United States created high penalties for countries that defaulted on their reparations payments to the United States. Germany was able to pay back the money it owed to European countries after World War I but did not pay back the United States.