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Encyclopedia > Dawes Plan

At the conclusion of World War I the Allies imposed in the Treaty of Versailles a plan for reparations to be paid by Germany. The amount of these payments proved to be too great for the flagging German economy and in 1923 Germany defaulted and French and Belgian troops occupied the Ruhr in response. This occupation of the center of the German coal and steel industries both outraged Germany and put further strain on its economy. Combatants Allies: Serbia, Russia, France, Romania, Belgium, British Empire, United States, Italy, and others Central Powers: Germany, Austria-Hungary, Bulgaria, Ottoman Empire Casualties Military dead:5 million Civilian dead:3 million Total dead:8 million Military dead:4 million Civilian dead:3 million Total dead:7 million The First World... When spelt with a capital A, Allies usually denotes the countries supporting the Triple Entente who fought together against the Central Powers in World War I and against the Axis Powers in World War II. For more information, see the related articles: Allies of World War I and Allies of... The Treaty of Versailles (1919) was the peace treaty which officially ended World War I between the Allied and Associated Powers and Germany. ... War reparations refer to the monetary compensation provided to a triumphant nation or coalition from a defeated nation or coalition. ... 1923 (MCMXXIII) was a common year starting on Monday (link will take you to calendar). ... The Occupation of the Varun Balan in 1923 and 1924, by troops from France and Belgium was a response to the failure of German Weimar Republic under Cuno to pay reparations in the aftermath of World War I. Initiated by French Prime Minister Raymond Poincaré, the invasion took place on...


To simultaneously defuse this situation and increase the chances of Germany resuming reparation payments, the Allied Reparations Committee asked Charles G. Dawes to find a solution to which all parties would agree. Charles Gates Dawes (August 27, 1865 – April 23, 1951) was the 30th Vice President of the United States. ...


The Dawes committee consisted of ten representatives, two each from Belgium, France, Britain, Italy, and the United States. It was entrusted with finding a solution for the collection of the German reparations debt following World War I, set at almost 20 billion marks. In an agreement of August 1924, the main points of The Dawes Plan were: The name Papiermark (German: Paper mark) can be applied to the German currency from the point in 1914 when the link between the mark and gold was abandoned, due to the outbreak of the First World War. ...

  1. The Ruhr area was to be evacuated by Allied occupation troops.
  2. Reparation payments would begin at 1 billion marks for the first year and should rise over a period of four years to 2.5 billion marks per year.
  3. The German Reichsbank would be reorganized under Allied supervision.
  4. Foreign loans (primarily from the United States) would be made available to Germany.
  5. The sources for the reparation money should include transportation, excise, and custom taxes.


The plan was accepted by Germany and the Allies in the same year and went into effect in September 1924. Although German business picked up and reparation payments were made promptly, it became obvious that Germany could not long continue those huge annual payments. As a result, the Young Plan was substituted in 1929. A 100 Mark banknote issued by the German Reichsbank in 1908 (http://www. ... An excise is an indirect tax or duty levied on items within a country. ... Opposite dont attract This article is about import/export tariffs. ... Look up September in Wiktionary, the free dictionary. ... The Young Plan was a program for settlement of German reparations debts after World War I. It was presented by the committee headed (1929-30) by Owen D. Young. ... 1929 (MCMXXIX) was a common year starting on Tuesday (link will take you to calendar). ...


Results of the Dawes Plan

The Dawes Plan provided short term economic benefits to the German economy. It softened the burdens of reparations, stabilized the currency, and brought increased foreign investments and loans to the German market. However, it made the German economy dependant on foreign markets and economies, meaning that any disasters and problems in America (i.e. the Great Depression), would directly and severely hurt Germany. Reparations refers to two distinct ideas: Reparations for slavery of groups or individuals War reparations: Payments from one country to another as compensation for starting a war under a peace treaty, such as those made by Germany to France under the Treaty of Versailles. ... Dorothea Langes Migrant Mother depicts destitute pea pickers in California, centering on Florence Owens Thompson, a mother of seven children, age 32, in Nipomo, California, March 1936. ...


  Results from FactBites:
 
Dawes Plan - Wikipedia, the free encyclopedia (399 words)
At the conclusion of World War I the Allies imposed in the Treaty of Versailles a plan for reparations to be paid by Germany.
The plan was accepted by Germany and the Allies in the same year and went into effect in September 1924.
As a result, the Young Plan was substituted in 1929.
Young Plan - Wikipedia, the free encyclopedia (702 words)
After the Dawes Plan was put into operation (1924), it became apparent that Germany could not meet the huge annual payments, especially over an indefinite period of time.
The plan was formally adopted at the second Hague Conference in January 1930.
Between agreement and adoption of the plan came the Wall Street Crash of 1929 which main consequences are twofold: the American Banking system had to recall money from Europe and cancel the credits that made possible the Young Plan.
  More results at FactBites »

 
 

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