pop quiz Flashcards
1
Q
when was the Dawes plan made?
A
1924 (Dawes plan 1924)
2
Q
timetable of days plan was?
A
1923 - USA sent Charles Dawes to negotiate with Germany
Dawes advised on the reichsbank and proved to France and Britain that Germany would make payments
3
Q
terms of the days plan?
A
- USA loaned 800 million gold marks to germany
- reparations lowered to 1,000million marks for 5 years
- allies agreed to review payment rate over time
- French withdraw from the Ruhr
- allies given control over the reichsbank and railways
4
Q
Dawes plan continued:
A
germans criticized Dawes plan as being an acceptance of the blame for starting the war
Dawes plan led to further loans (25 billion marks over 6 years)
5
Q
when was the young plan made?
A
1929 (young plan 1929)
6
Q
terms of the young plan?
A
- total reparations reduced to 8 billion
- payments made over 59 years at 473M a year
- germany only to pay 1/3 of the sum
- French agreed to leave Rhineland in 1930 not 1935
7
Q
facts of the young plan?
A
- allies didn’t like it so it didn’t really end up happening
- no other country really liked it either :(
8
Q
why did the germans not like the young plan?
A
- opposed because reparations would be paid for too long (59 years!)
- Alfred Hugenberg (media businessman) made a petition and got over 4 million signs
- December 1929 referendum only got 14% vote against
9
Q
why did the young plan come to nothing?
A
because of the Wall Street crash of 1929
