Germany · Government / Weimar Republic. Chronological records rendered directly from the World History Database.
The Dawes Plan is put forward to stabilize the economic situation in Europe, to enable the Germans to pay their reparations and the Allies to pay their debts to the US. Sets an upper limit for payment of reparations and limits the time to 37 years, the Motto is "Business, not politics"
Accepts the Dawes Plan form German reparations
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. Foreign loans (primarily from the United States) would be made available to Germany.
The Dawes Plan provides short term economic benefits to the German economy, It softens the burdens of war reparations, stabilizes the currency, and attracts increased foreign investments and loans to the German market.
The sources for the reparation money should include transportation, excise, and custom taxes. The Ruhr area is to be evacuated by Allied occupation troops. The German Reichsbank would be reorganized under Allied supervision.
At the London Conference gets agreement for Allied withdrawal from the Rhineland
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