What was the Dawes Plan Summary?

Under the Dawes Plan, Germany’s annual reparation payments would be reduced, increasing over time as its economy improved; the full amount to be paid, however, was left undetermined. Economic policy making in Berlin would be reorganized under foreign supervision and a new currency, the Reichsmark, adopted.

What was the main goal of the Dawes Plan when it was introduced in 1924?

The Dawes Plan of 1924 was formulated to take Weimar Germany out of hyperinflation and to return Weimar’s economy to some form of stability. The Dawes Plan got its name as the man who headed the committee was an American called Charles Dawes.

What was the effect of the Dawes Plan?

The Dawes Plan was initially a great success. The currency was stabilized and inflation was brought under control. Large loans were raised in the United States and this investment resulted in a fall in unemployment. Germany was also able to meet her obligations under the Treaty of Versailles for the next five years.

Why was the Dawes Plan important?

The plan provided for the reorganization of the Reichsbank and for an initial loan of 800 million marks to Germany. The Dawes Plan seemed to work so well that by 1929 it was believed that the stringent controls over Germany could be removed and total reparations fixed.

What was the purpose of the Dawes Plan quizlet?

The goal was to assimilate Native Americans into white culture as quickly as possible. As it turned out, the Dawes Act succeeded only in stripping tribes of their land and failed to incorporate Native Americans into U.S. society.

What was the goal of the Dawes Plan quizlet?

What was the goal of the Dawes Plan 5 points?

The objective of the Dawes Act was to assimilate Native Americans into mainstream US society by annihilating their cultural and social traditions. As a result of the Dawes Act, over ninety million acres of tribal land were stripped from Native Americans and sold to non-natives.

What was the Dawes Plan of 1924 quizlet?

What was the Dawes Plan? The Dawes plan was a plan made by Gustav Stresemann in April 1924, which reduced payments to annual, affordable, amounts. In addition to this, the Americans invested money in German industry, giving them a kick-start in restoring the payments.