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River Rhine

Dawes Plan
History of Germany

              


1924
Marx, Wihelm
River Rhine At the London Conference gets agreement for Allied withdrawal from the Rhineland
29th Aug Dawes Plan agreed by Reichstag
1924
Stressman, Gustav
9th April Accepts the Dawes Plan form German reparations
9th April Foreign loans (primarily from the United States ) would be made available to Germany
9th April 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
9th April Sets an upper limit for payment of reparations and limits the time to 37 years, the Motto is "Business, not politics"
9th April 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
9th April 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
9th April The German Reichsbank would be reorganized under Allied supervision
9th April The Ruhr area is to be evacuated by Allied occupation troops
9th April The sources for the reparation money should include transportation, excise, and custom taxes

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