Dawes Plan: Difference between revisions

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[[File:Chas G Dawes-H&E.jpg|right|thumb|150px|Charles G. Dawes (1865–1951)]]
 
The '''Dawes Plan''' (as proposed by the Dawes Committee, chaired by [[Charles G. Dawes]]) was a plan in 19251924 that successfully resolved the issue of [[World War I reparations]] that Germany had to pay. It ended a crisis in European diplomacy following [[World War I]] and the [[Treaty of Versailles]].
 
The [[Occupation 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.