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Dawes Plan. The Dawes Plan temporarily resolved the issue of the reparations that Germany owed to the Allies of World War I. Enacted in 1924, it ended the crisis in European diplomacy that occurred after French and Belgian troops occupied the Ruhr in response to Germany's failure to meet its reparations obligations.
Dawes Plan, arrangement for Germany’s payment of reparations after World War I. On the initiative of the British and U.S. governments, a committee of experts (with two members each from France, Belgium, Italy, Britain, and the United States), presided over by an American financier, Charles G. Dawes, produced a report on the question of German ...
Jun 8, 2018 · Dawes Plan (1924) Measure devised by a committee chaired by Charles Dawes to collect and distribute German reparations after World War I. It established a schedule of payments and arranged for a loan of 800 million marks by US banks to stabilize the German currency.
1921-1936. The Dawes Plan, the Young Plan, German Reparations, and Inter-allied War Debts. Milestones: 1921–1936. NOTE TO READERS. “Milestones in the History of U.S. Foreign Relations” has been retired and is no longer maintained. For more information, please see the full notice.
The Dawes Plan was a report on German reparations for World War I drafted by a committee of experts led by American financier Charles G. Dawes that was accepted by the Allies and by Germany on August 16, 1924. The plan provided for the reorganization of the Reichsbank and for an initial loan of 800 million marks to Germany.
May 22, 2015 · The History Learning Site, 22 May 2015. 8 May 2024. The Dawes Plan of 1924 was formulated to take Weimar Germany out of hyperinflation and to return Weimar’s economy to some form of stability. The Dawes Plan got its name as the man who headed the committee was an American called Charles Dawes.
Quick Reference. (1924) An arrangement for collecting reparations from Germany after World War I. Following the collapse of the Deutschmark and the inability of the Weimar Republic to pay reparations, an Allied payments commission chaired by the US financier Charles G. Dawes put forward a plan whereby Germany would pay according to its ...
