HISTORY
THE WORLD BETWEEN THE WARS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Provide peace to Europe
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Reduce German reparations for economic growth
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Provide collective bargaining for workers
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Weaken Germany to prevent them from starting another war
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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: -The Treaty of Versailles (signed in 1919) and the 1921 London Schedule of Payments required Germany to pay 132 billion gold marks (US$33 billion [all values are contemporary, unless otherwise stated]) in reparations to cover civilian damage caused during the war.
Detailed explanation-3: -The Dawes Plan, signed in 1924, was an arrangement for Germany’s payment of reparations after World War I. It assisted Britain and France in repaying their debts to the United States by allowing Germany to pay its restitution to them.
Detailed explanation-4: -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.
Detailed explanation-5: -Allied victors took a punitive approach to Germany at the end of World War I. Intense negotiation resulted in the Treaty of Versailles’ “war guilt clause, ‘’ which identified Germany as the sole responsible party for the war and forced it to pay reparations.