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The '''Dawes Plan''' was formed in 1924 when an international committee funded by the [[United States of America]] and [[England]] tried to save [[Germany]]'s failing economy after the crushing reparations put upon it at the end of [[World War I]].  The Dawes Plan, named after American financier [[Charles G. Dawes]], recommended that Germany begin paying 1,000,000,000 gold marks in the first year and increasing to 2,500,000,000 by 1928.  It also called for a loan of 800,000,000 marks ($200 million) to Germany.  The Dawes Plan ignored the original reparations set by the [[Treaty of Versailles]].  By 1929 the Dawes Plan was considered a big success and financial controls over Germany were relaxed.  Germany factories were producing again at prewar levels and inflation was no longer a big problem.  The Dawes Plan of 1924 had brought recovery and stable money back to Europe and western Europe. However the plan could not stand up during the [[Great Depression]] that began in 1929.  

The '''Dawes Plan''' was formed in 1924 when an international committee funded by the [[United States of America]] and [[England]] tried to save [[Germany]]'s failing economy after the crushing reparations put upon it at the end of [[World War I]].  The Dawes Plan, named after American financier [[Charles G. Dawes]], recommended that Germany begin paying 1,000,000,000 gold marks in the first year and increasing to 2,500,000,000 by 1928.  It also called for a loan of 800,000,000 marks ($200 million) to Germany.  The Dawes Plan ignored the original reparations set by the [[Treaty of Versailles]].  By 1929 the Dawes Plan was considered a big success and financial controls over Germany were relaxed.  Germany factories were producing again at prewar levels and inflation was no longer a big problem.  The Dawes Plan of 1924 had brought recovery and stable money back to Europe and western Europe. However the plan could not stand up during the [[Great Depression]] that began in 1929.  

[[Image:Dawes.jpg|thumb|250px|Charles Dawes]]

[[Image:Dawes.jpg|thumb|290px]]

Dawes Plan was an attempt to collect war reparation debts from defeated post-World War I Germany.  American banker [[Charles G. Dawes]] chaired the committee that headed up this proposal.  Dawes was elected Vice president of the United States and won the Nobel Peace prize for his work'

The Dawes Plan was an attempt to collect war reparation debts from defeated post-World War I Germany.  American banker [[Charles G. Dawes]] chaired the committee that headed up this proposal.  Dawes was elected Vice president of the United States and won the Nobel Peace prize for his work.

The main points of the Dawes Plan were:

The main points of the Dawes Plan were:

1.The [[Ruhr]] area was to be evacuated by Allied occupation troops.

1.The [[Ruhr]] area of Germany was to be evacuated by Allied occupation troops.

2.Reparation payments would begin at 1 billion marks for the first year and should rise over a period of four years to 2.5 billion marks per year.                                   

2.Reparation payments would begin at 1 billion marks for the first year and should rise over a period of four years to 2.5 billion marks per year.