On the contrary, Charles Dawes deserved his Nobel Peace Prize because he defused an international crisis. In 1923, Germany defaulted on its reparations payments, which resulted in France and Belgium occupying the Ruhr, one of its key industrial regions. At the same time, hyperinflation caused Germany's currency to collapse.
A committed headed by Dawes crafted a plan in which Germany would pay its reparations in installments while receiving loans to facilitate these payments and stabilize its currency. Meanwhile, France and Belgium would withdraw their troops. This plan was replaced by another one, the Young Plan, crafted by a committee headed by Owen Young, in 1928. Germany reparations payments pretty much ceased with the onset of the Great Depression.
However, despite this accomplishment and his successful vice presidency under Calvin Coolidge, it seems Charles Dawes' lasting impact on the world of today is "It's All in the Game," a decades-long fixture on Oldies playlists .
Very interesting info. Thank you.