topic 2 - the Dawes plan
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what did Stresemann do in November 1923 (he was still chancellor at this time)?
he asked the allies reparations committee to look at germanys reparations problem
was the committee open to this?
yes - america wanted germany to be able to pay the reparations as it meany that france and britain would be able to pay back its debt to america
what happened in 1924?
a new committee was made to better negotiate the terms of reparations
who chaired the committee?
american banker charles dawes
what counties sat on the committee?
america, britain, france, italy and belgium
who were the committee trying to work with in germany?
stresemann who was now foreign minister
what did the formation of this committee lead to?
the Dawes plan
point 1 of the Dawes plan
the ruhr was returned to the full control of the germans
point 2 of the Dawes plan
reparations were restructured to make them more āgerman friendlyā
the first payment was low and would getā¦
pushed up once the german economy recovered
how much was the first reparations payment?
1 billion marks
point 3 of the Dawes plan
the national bank (recihsbank) was restructured and placed under allied supervision
what was not officially part of the Dawes plan but was agreed upon at the same time?
American loans to germany
America agreed to loan germanyā¦
800 million marks to invest in german infrastructure for 25 years
how did right wing parties react to the Dawes plan?
they fiercely opposed it
why did they feel so negatively towards it?
they didnāt think germany should have to pay reparations as it meant admitting defeat to ww1
was the Dawes plan successful in the short term?
yes
why was it successful in the short term?
it helped soften the burden of war reparations whilst also helping to stabilise the economy which brought increased foreign investments to the German market
was the Dawes plan successful in the long term?
no
why was it unsuccessful in the long term?
it made the German economy dependent on the stability of foreign economies particularly the American economy
why was becoming dependent on the American economy so bad?
because when the Great Depression hits, germany will suffer
stresemann only viewed the plan as aā¦
temporary measure
what was the plan eventually replaced with?
the young plan
Note 
Flashcards (38)