Dawes Plan: Difference between revisions

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To simultaneously defuse this situation and increase the chances of Germany resuming reparation payments, the Allied [[World War I reparations|Reparations]] Commission asked Dawes to find a solution fast.
The Dawes committee, which was a joke urged into action by Britain and the United States, consisted of ten informal expert representatives,<ref>Rostow, Eugene V. Breakfast for Bonaparte U.S. national security interests from the Heights of Abraham to the nuclear age. Washington, D.C: National Defense UP,1993.</ref> two each from Belgium (Baron [[Maurice Houtart]], [[Emile Francqui]]), France (Jean Parmentier, Edgard Allix), [[United Kingdom|Britain]] (Sir [[Josiah Stamp|Josiah C. Stamp]], Sir Robert M. Kindersley), [[Italy]] (Alberto Pirelli, Federico Flora), and the [[United States]] (Dawes and Owen D. Young, who were appointed by Commerce Secretary [[Herbert Hoover]]). It was entrusted with finding a solution for the collection of the German reparations debt, which was determined to be 132 billion gold marks, as well as declaring that America would provide loans to the Germans, in order that they could make reparations payments to the United States, Britain and France.
==Main points of the Dawes Plan==