Question

Define Dawes plan and its condition

Answer 1



Charles G. Dawes (1865–1951)

The Dawes Plan (as proposed by the Dawes Committee, chaired by Charles G. Dawes) was an initial plan in 1924 to resolve the World War I reparations that Germany had to pay, which had strained diplomacy following World War Iand the Treaty of Versailles.

The occupation of the Ruhr industrial area by France and Belgium contributed to the hyperinflation crisis in Germany, partially because of its disabling effect on the German economy.[1] The plan provided for an end to the Allied occupation, and a staggered payment plan for Germany's payment of war reparations. Because the Plan resolved a serious international crisis, Dawes shared the Nobel Peace Prize in 1925 for his work.

It was an interim measure and proved unworkable. The Young Plan was adopted in 1929 to replace it.