WORLD HISTORY

Detailed explanation-1: -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.

Detailed explanation-2: -This pushed the country into a state of hyperinflation. So, the United States of America intervened and introduced the Dawes Plan-to reorganise the Reichsbank and rework the terms of reparation. Q.

Detailed explanation-3: -Dawes Plan, arrangement for Germany’s payment of reparations after World War I. On the initiative of the British and U.S. governments, a committee of experts (with two members each from France, Belgium, Italy, Britain, and the United States), presided over by an American financier, Charles G.

Detailed explanation-4: -The Treaty of Versailles didn’t just blame Germany for the war-it demanded financial restitution for the whole thing, to the tune of 132 billion gold marks, or more than $500 billion today.