dawes and young plan Flashcards
What did the Dawes Plan do to help with reparations?
Under the Dawes Plan, Germany’s annual reparation payments would be reduced to 50 million
the full amount to be paid, however, was left undetermined.
US banks and businesses offered loans worth 800 million marks to German industries and businesses.
When was the Dawes Plan agreed and accepted?
July 1924
What benefits did the young plan bring?
1) The Allies accepted that Germany’s problems with the payment of reparations were real.
2) Loans were granted with which new machinery, factories, houses and jobs could be provided and the German economy rebuilt.
What did the Young Plan do?
reduced the total amount of reparations demanded of Germany to 121 billion gold marks, almost $29 billion, payable over 58 years
The Young Plan allowed the german government to lower taxes which increased public spending power. This boosted the german industry and created more jobs
