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The Dawes Plan
Facts for kids
The following fact
sheet contains interesting facts and information on the Dawes Plan
for kids.
Facts
about the Dawes Plan for kids
Dawes Plan Fact 1:
Following WW1 (28 July, 1914 - 11 November, 1918),
the
1919 Treaty of Versailles addressed
War-Guilt provisions and demanded massive amounts of
money, called Reparations, from Germany as compensation for the Great
War.
Dawes Plan Fact 2:
Germany and the Weimar Republic was on the brink
of financial collapse and was in danger of not being able to pay its
wartime reparations. German reparations had been set at nearly 20
billion marks and was finding it difficult to meet its obligations.
The aim of the Dawes Committee was to find a solution to the
problem.
Dawes Plan Fact
3: The Dawes Plan was a reparations
payment plan for Germany worked out by an international
committee of experts under the chairmanship of the
American banker Charles G. Dawes.
Dawes Plan Fact 4:
The committee convened during 1923-1924 and
consisted of 10 representatives, two each from the United States,
Belgium, France and Great Britain who worked on the pact.
Dawes Plan Fact 5:
America was experiencing the
Economic Boom of the 1920's. Before WW1 America had
been
in debt to Europe. After WW1 the situation was reversed
and the former Allies owed the US more than $10 billion for the
cost of food supplies and armaments.
Dawes Plan Fact 6:
The Dawes Plan was presented by
Charles Dawes, who was also the US budget director, and
proposed by the Committee on April 9, 1924.
The plan was to gave Germany longer to pay its heavy war reparations
and the pact agreed to an American loans to Germany of 800 million gold marks.
Dawes Plan Fact 7:
The Great Britain and France also
agreed to accept less in reparations and pay more on
their war debts to the United States.
Dawes Plan Fact 8:
The Plan was accepted by the Allied
and German Governments on August 30, 1924.
Dawes Plan Fact 9:
The provisions of the pact were that:
● Reparation payments should
begin at 1 billion marks for the first year
● That payments would rise over
a period of 4 years to 2.5 billion marks per year
● That the sources for the
reparation money should include excise and custom
taxes
● That the German Reichsbank
should be reorganized under Allied supervision
Dawes Plan Fact 10:
Germany ended up not only paying
their war reparations but also found themselves in debt
to American banks.
Dawes Plan Fact
11: The provisions of the Dawes Plan was
only viable as a short term solution as Germany could
not continue the huge annual payments especially over an
indefinite period of time..
Dawes Plan Fact
12: The 1929 Young Plan was therefore
substituted to reduce the total amount of reparations due from
Germany and extended the payment period until 1988.
However due to the
1929 Wall Street Crash the Young
Plan only remained in effect until July 1931 and was
officially abolished in 1932.
Facts
about the Dawes Plan for kids
Additional Facts
and Information
For visitors interested in the history and foreign
policy in the 1920's refer to the following articles:
The Dawes Plan for kids - President Calvin Coolidge Video
The article on the
Dawes Plan provides detailed facts and a summary of one of the important events during his presidential term in office. The following
Calvin Coolidge video will
give you additional important facts and dates about the political events experienced by the 30th American President whose presidency spanned from August 2, 1923 to March 4, 1929.
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