Search results
Results from the WOW.Com Content Network
Dawes, who was the U.S. vice president at the time, received the Nobel Peace Prize of 1925 for "his crucial role in bringing about the Dawes Plan", specifically for the way it reduced the state of tension between France and Germany resulting from Germany's missed reparations payments and France's occupation of the Ruhr.
On Secretary of State Hughes's initiative, Coolidge appointed Charles Dawes to lead an international commission to reach an agreement on Germany's reparations. The resulting Dawes Plan provided for restructuring of the German debt, and the United States loaned money to Germany to help it repay its debt other countries. The Dawes Plan led to a ...
Charles Gates Dawes (August 27, 1865 – April 23, 1951) was an American diplomat and Republican politician who was the 30th vice president of the United States from 1925 to 1929 under Calvin Coolidge. He was a co-recipient of the Nobel Peace Prize in 1925 for his work on the Dawes Plan for World War I reparations.
The Dawes Plan was an attempt to find a solution to the crisis of World War I reparations, in which France was demanding that Germany pay strictly according to the London Schedule of Payments. When Germany was declared in default, French and Belgian troops occupied the key industrial Ruhr district in January 1923.
The Dawes Plan led to a boom in the German economy, as well as a sentiment of international cooperation. [110] Building on the success of the Dawes Plan, U.S. ambassador Alanson B. Houghton helped organize the Locarno Conference in October 1925. The conference was designed to ease tensions between Germany and France, the latter of which feared ...
The Dawes Act of 1887 (also known as the General Allotment Act or the Dawes Severalty Act of 1887 [1] [2]) regulated land rights on tribal territories within the United States. Named after Senator Henry L. Dawes of Massachusetts , it authorized the President of the United States to subdivide Native American tribal communal landholdings into ...
Hughes helped organize the creation of an international committee of economists to study the possibility of lowering Germany's reparations, and Hughes selected Charles G. Dawes to lead that committee. The resulting Dawes Plan, which provided for annual payments by Germany, was accepted at a 1924 conference held in London. [63]
The end of passive resistance in the Ruhr allowed Germany to undertake a currency reform and to negotiate the Dawes Plan, which led to the withdrawal of French and Belgian troops from the Ruhr Area in 1925. The agreement of the Dawes plan in late 1924 also led to a resumption of reparations payments in hard cash and gold.