Discuss The Role Of The Dawes Plan In Germany
In October 1923 a group of Allies was created to think of a way to help stabilise the German economy and find a better system for paying reparations. The former Director of the US Bureau of the Budget Charles G. Dawes chaired the meetings and six months later the Dawes Plan was accepted. With the Dawes Plan in action the French troops were to withdraw from the Rhur, which they did in full by 25th August, 1925.
When the Dawes Plan was written, it was thought to be a temporary plan which would be revised later. By late 1927 a revision was called for and on 16th September, 1928 it was announced that a new plan would be created. A new committee was created, chaired by American banker Owen D. Young and about a year later the Young Plan
When the Dawes Plan was written, it was thought to be a temporary plan which would be revised later. By late 1927 a revision was called for and on 16th September, 1928 it was announced that a new plan would be created. A new committee was created, chaired by American banker Owen D. Young and about a year later the Young Plan