WORLD HISTORY

Detailed explanation-1: -The report was accepted by the Allies and by Germany on August 16, 1924. No attempt was made to determine the total amount of reparations to be paid, but payments were to begin at 1 billion gold marks in the first year and rise to 2.5 billion marks by 1928.

Detailed explanation-2: -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-3: -The Dawes Plan (as proposed by the Dawes Committee, chaired by Charles G. Dawes) was a plan in 1924 that successfully resolved the issue of World War I reparations that Germany had to pay. It ended a crisis in European diplomacy following World War I and the Treaty of Versailles.

Detailed explanation-4: -The desired effect of the Dawes Act was to get Native Americans to farm and ranch like white homesteaders. An explicit goal of the Dawes Act was to create divisions among Native Americans and eliminate the social cohesion of tribes.

Detailed explanation-5: -The Dawes Plan was a war reparations agreement that reduced Germany’s yearly payments, made payment dependent on economic prosperity, and granted large US loans to promote recovery.