Dawes Plan Flashcards
1
Q
What was the new soloution
A
Introduce a new currency called retenmark
2
Q
Purpose
A
o address the economic crisis in Germany such as not paying back other countries and hyperinflation and facilitate the payment of reparations imposed by the Treaty of Versailles.
3
Q
Date introduced
A
1924
4
Q
What did plan do
A
- Restructured Germany’s reparations schedule to make payments more manageable.
- Initial payments were reduced, with gradual increases over time as Germany’s economy improved.
5
Q
What was the impact
A
- he plan succeeded in stabilizing the German economy, reducing inflation, and restoring industrial production.
- Helped restore international confidence in Germany’s financial system.
6
Q
Who was credtied for this plan
A
gustav stressemann
