mention the importance of dawes plan
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The Dawes Plan (as proposed by theDawes 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 I and the Treaty of Versailles.
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Germany did not pay repression payments to France, which occupied Ruhr. Germany resisted and printed paper currency. The value of German mark gradually fell. the Americans intervened and introduced the Dawes Plan, which reworked the terms of reparation payment to ease the financial burden on Germany.
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