The Dawes Plan helped lower the payments on war debt
the dawes plan
The Dawes Plan was an attempt following World War I for the Triple Entente to collect war reparations debt from Germany. When after five years the plan proved to be unsuccessful, the Young Plan was adopted in 1929 to replace it.
Reparations were compensation required of Germany to pay following their defeat in World War I and the Treaty of Versailles. The first plan to be enacted was the 1921 London Schedule of Payments. The second plan was the Dawes Plan of 1924 following the French occupation of the Ruhr. The third plan was the Young Plan of 1928.
The Dawes Plan was an attempt to reschedule reparation payments being made by Germany to the two major Allies of World War I. No reduction of the amount owed by Germany was made in the Dawes Plan. American bankers loaned money to Germany and Germany made payments to Britain and France. Britain and France used some of that money to pay debts to American creditors. As a result, the European economy became stagnant and the American economy also began to suffer. Money that was supposed to go into the nation's economy simply went in circles to pay off debts owed as a result of the war.
dawes plan .
dawes plan .
The Dawes Plan helped lower the payments on war debt
The Dawes Plan was intended to settle international debts from World War I. The Dawes Plan of 1924 was formulated to take Weimar Germanyout of hyperinflation and to return Weimar's economy to some form of stability.
Louis Dubois has written: 'The French, Washington and London agreements and the Dawes Plan' -- subject(s): Dawes report, 1924, Reparations, World War, 1914-1918
the dawes plan
The Dawes Plan was an attempt following World War I for the Triple Entente to collect war reparations debt from Germany. When after five years the plan proved to be unsuccessful, the Young Plan was adopted in 1929 to replace it.
He was a financier and he won his prize for drawing up a workable plan for enabling Germany to make the retribution payment demanded from it by the victors of World War I.
Reparations were compensation required of Germany to pay following their defeat in World War I and the Treaty of Versailles. The first plan to be enacted was the 1921 London Schedule of Payments. The second plan was the Dawes Plan of 1924 following the French occupation of the Ruhr. The third plan was the Young Plan of 1928.
The Dawes Plan was an attempt to reschedule reparation payments being made by Germany to the two major Allies of World War I. No reduction of the amount owed by Germany was made in the Dawes Plan. American bankers loaned money to Germany and Germany made payments to Britain and France. Britain and France used some of that money to pay debts to American creditors. As a result, the European economy became stagnant and the American economy also began to suffer. Money that was supposed to go into the nation's economy simply went in circles to pay off debts owed as a result of the war.
Hitler wanted land and minerals and oil to expand his empire
Charles dawes