Dawes plan Flashcards
Who asked for a group of financial experts to examine Germany’s situation in relation to reparations
Stresemann
Who headed the committee that was reviewing Germany’s situation in 1923
Charles Dawes
When did Dawe establish a plan to help Germanys economy
April 1924
What did the Dawes plan confirm
The reparations were at 132 billion gold marks
What did the Dawes plan say about how much should be paid each year
Less until the year 1929, start at 1 billion marks which will be raised annually for 5 years and then the sum will relate to germanys industrial performance
How much will Germany receive as a loan in the Dawes plan
800 million marks from America to allow for heavy investment
What did Stresemann believe the Dawes plan to be in private
An economic armistice
What did nationalists believe about the plan
Fuelled the treaty of Versailles
What was the loan used to help
Fund new machinery, factories, houses and jobs
