( C2 ) The Dawes Plan - How to Restart the Economy Flashcards
who sent Charles Dawes to Germany? When and why?
Charles Dawes was sent to Germany in 1923 by the American Government to help negotiate better terms for the reparations
What did Dawes advise? and to whom was it proposed to?
Dawes advised Stressemen on the establishment of the Reichsbank
when was the Dawes plan agreed and why
the Dawes plan was agreed in 1924 due to France and Britain being able to see that Germany wanted to negotiate the reparation scheme
in the Dawes plan, how much was the US to loan germany and what did this do for the country
the US was to loan Germany 800 million gold marks, this gave a massive boast to the German industry
in the Dawes plan, what was the reparations lowered to
the reparations were lowered to 1,000 million marks for the first 5 years after this, the payments would then go back to 2500 million marks
what did the allies agree to do and why
the allies agreed to review the payment rate over time to take germany’s financial state and economy into consideration
what were the 2 things the French agreed to
The French agreed to remove its troops from the Ruhr. they also agreed to let the allies deal with any missed payments
what did Germany give the allies some control of?
the allies were given some control over the Reichsbank and the railways
why were some germans opposed to the Dawes plan
some germans were opposed to the Dawes plan as they felt as if Germany was accepting wait guilt by still accepting to pay reparations
however how did the Dawes plan affect Germany
the Dawes plan helped to restore germanys failing economy and lead to more loans from the USA
how much money did Germany receive over the next 6 years
germany received more than 25 billion marks over the next 6 years allowing the economy to recover
