Dawesplanen
The Dawes Plan, known in German as Dawesplanen, was an international agreement reached in 1924 to resolve the problems surrounding Germany’s reparations after World War I. Named after American banker Charles G. Dawes, the plan aimed to stabilize the German economy and facilitate the flow of reparations payments to the Allied powers.
Background: After the Treaty of Versailles, Germany faced heavy reparations and chronic inflation. By 1923, the
Provisions: The Dawes Plan reduced the annual reparations burden and reorganized the payment schedule. It provided
Effects: The plan helped stabilize the currency and encouraged foreign investment, contributing to a period of
Legacy: The Dawes Plan was followed by the Young Plan of 1929, which further reduced the total