INTER WAR YEARS 1919 TO 1939
NAZISM IN GERMANY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
1924
|
|
|
1928
|
|
|
1929
|
|
|
1926
|
Detailed explanation-1: -The Dawes Plan was a report on German reparations for World War I drafted by a committee of experts led by American financier Charles G. Dawes that was accepted by the Allies and by Germany on August 16, 1924.
Detailed explanation-2: -In late 1923, with the European powers stalemated over German reparations, the Reparation Commission formed a committee to review the situation. Headed by Charles G. Dawes (Chicago banker, former Director of the Bureau of the Budget, and future Vice President), the committee presented its proposal in April 1924.
Detailed explanation-3: -Dawes) was an agreement between the Allies and Germany. The basic idea behind the plan was to make it easier for Germany to pay reparations and had two key parts. As a result, reparations payments resumed, and the French occupation of the Ruhr ended.
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.