Summary 3 - Reparations and the Dawes Plan Flashcards
What did Stresemann do in November 1923?
He asked the allies reparations committee to set up a committee of vested interest in order to get Germany back to a place where reparations could be re payed
Who acted as the new comittees chairman?
American banker Charles Dawes
When was the Dawes plan finalised and what had happened by then?
April 1924 and stresemanns government had fallen
Which position did Streseman keep even though his time as chancellor was over and how did he react to the completion of the dawes plan?
He remained as foreign secretary and took much of the credit for what was achieved
What effect did the Dawes plan have on the reparations figure?
It remained at £6.6 billion or 132 million gold marks however the repayment was made more manageable
The dawes plan recommended what two policies?
The amount paid by Germany should be reduced until 1929 and then the sum paid is relative to Germany’s performance
.Germany should receive a loan of 800 million marks from the US to help get the plan started and to allow for heavy investment into German Infrastructure
Ultimately there was heavy debate in the reichstag but how did Stresemann view the situation?
He did not believe in the plan and referred to it as ‘no more than an economic armistice’
The national opposition who greatly criticised the dawes plan consisted of who?
The DNVP and smaller right wing groups
Give two benefits of the Dawes plan to Germany
. The allies accepted that Germany’s problem with repayment were real
. Loans were granted, with which new machinery, factories houses and jobs could be provided with the Germany economy being rebuilt
. The French gradually started leaving the ruhr during 1924-1925 once it became clear Germany was going to start paying reparations and the occupation could no longer be justified
