Dawes Plan

Question	Answer
When was it agreed?	August 1924
When did it go into effect?	September 1924
Who was it named after?	US vice-president Charles Dawes who playd a key role in setting up the plan.
Reperation points:	Began at 1billion marks for the first year and over 4 years increase to 2.5billion marks
Ruhr points:	To be evacuated by allied occupation troops- carried out in 1925
Currency points:	German Reichsbank (national bank) would be organised under Allied supervision.
What was the name of the new temporary currency?	Rentenmark
Loan points:	USA would give loans to Germany to help its economic recovery.
How much was lent to germany initially from the US?	800million marks
Over the next 6 years, 1923-9 how much did the US loan?	$3000million dollars
Who in the US leant money to Germany?	US companies and banks.
How did the reperations help in the short term?	Enabled Germany to pay back reperation payments more easily.
How did the US loans help in the long term?	Enabled Germany to put money back into their country leading to economic growth.

Resource summary

	Created by Emily Tisch almost 11 years ago