Dawes Plan: Difference between revisions

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The '''Dawes Plan''' (as proposed by the [[Dawes Committee]], chaired by [[Charles G. Dawes]]) was a plan in 1924 to resolve the [[World War I reparations]] that Germany had to pay, that had strained diplomacy following [[World War I]] and the [[Treaty of Versailles]].
 
The [[occupationOccupation of the Ruhr]] industrial area by France and Belgium contributed to the [[hyperinflation]] crisis in Germany, partially because of its disabling effect on the German economy.<ref>{{cite web|last=Lee|first=Joo Hyung|title=WHKMLA : The French Occupation of the Rhineland, 1918–1930|url=http://www.zum.de/whkmla/sp/0910/joohyung/ljh2.html|accessdate=27 September 2013}}</ref> The plan provided for an end to the Allied occupation, and a staggered payment plan for Germany's payment of [[war reparations]]. Because the Plan resolved a serious international crisis, Dawes shared the [[Nobel Peace Prize]] in 1925 for his work.
 
It was an interim measure and proved unworkable. The [[Young Plan]] was adopted in 1929 to replace it.