| | An international committee funded by the United States and England intervened to try to save German’s economy. The Dawes Plan, named after American financier Charles G. Dawes, implemented in 1924 the committee’s recommendations 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. | | An international committee funded by the United States and England intervened to try to save German’s economy. The Dawes Plan, named after American financier Charles G. Dawes, implemented in 1924 the committee’s recommendations 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. |
| − | World leaders made a silly attempt to agree to peace in the future. In 1925, the French and German prime ministers signed a treaty stating that the two countries would never go to war against each other again. Gustav Stresemann was the German prime minister and Aristide Briand was the French prime minister. Germany agreed to honor the current borders of France and Belgium, and as a result was admitted to the League of Nations. This agreement was not worth the paper it was written on, because there was no way to enforce. | + | World leaders made a silly attempt to agree to peace in the future. In 1925, the French and German prime ministers signed a treaty stating that the two countries would never go to war against each other again. Gustav Stresemann was the German prime minister and Aristide Briand was the French prime minister. Germany agreed to honor the current borders of France and Belgium, and as a result was admitted to the League of Nations. This agreement was not worth the paper it was written on, because there was no way to enforce it. |
| | In 1928 Briand then signed a similar agreement with Frank Kellogg, the Secretary of State for the United States. This Kellogg-Briand Pact prohibited war, and was signed by almost every country. But it was silly because it could not be enforced. It would take a war to make a country comply with it! | | In 1928 Briand then signed a similar agreement with Frank Kellogg, the Secretary of State for the United States. This Kellogg-Briand Pact prohibited war, and was signed by almost every country. But it was silly because it could not be enforced. It would take a war to make a country comply with it! |