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April 9.1924-Dawes Plan published

Show:1172 times , datetime:2024-03-14 15:14:17

(JiaZi March sixth), April 9, 1924, the Dawes Plan published.

Dawes Plan disposal of German reparations after World War I Allied plans. (History www.TodayOnHistory.com)
1923, the Committee of Experts led by the American Bankers Dawes in Germany survey, study German reparations.
1924, by the law, than, Italy, Britain, the United States delegation published a report drawn up, known as the "Dawes Plan". The plan by the Allies London meeting in August. The main content: to oversee the reorganization of Deutsche Bank by the Allies, stabilizing the German currency; require Germany to pay 10 billion gold marks first year in the the claims total number has not been finalized before, after increasing year by year, to a five-year $ 25 billion gold marks; provisions The actual settlement of claims guarantee tariffs, indirect taxes, railway revenue and industrial tax; for the stability of the German monetary system, the Allies first loan of 800 million gold marks ($ 200 million) to Germany, the U.S. commitment of $ 110 million.
"Dawes Plan" of the German economy to recover soon.

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