What was the hardings dawes plan?

Answer 1

The Dawes Plan, formulated in 1924, aimed to address the economic instability in Germany following World War I and the burdens of reparations imposed by the Treaty of Versailles. It restructured Germany's reparations payments, reducing the total amount and extending the payment period, while also facilitating foreign loans to stabilize the German economy. The plan helped to temporarily improve Germany's economic situation and fostered international cooperation, but ultimately, it was a short-term solution that did not resolve underlying issues. The plan was later replaced by the Young Plan in 1929 to further adjust Germany's reparations obligations.