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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.
Under the Dawes Plan, Germany always met her obligations. [75] However, German long-term goals remained the same despite the apparent reconciliation: the revision of the Treaty of Versailles to end reparations. The Dawes Plan was seen only a temporary measure, with expected future revisions.
After Germany successfully stabilized its currency in late 1923, France and Belgium, facing economic and international pressures of their own, accepted the 1924 Dawes Plan drawn up by an international team of experts. It restructured and lowered Germany's war reparations payments and led to France and Belgium withdrawing their troops from the ...
The passage of the Dawes Plan produced much turmoil in the Reichstag with considerable cheering and jeering. One of the anti-Dawes Plan DNVP deputies, Alfred Hugenberg was so enraged by the passage of the Dawes Plan that he screamed on the floor of the Reichstag that those DNVP MdRs who voted for the Dawes Plan should be expelled from the party ...
A referendum on the Young Plan was held in Germany on 22 December 1929. It was an attempt to use popular legislation to annul the Young Plan agreement between the German government and the World War I opponents of the German Reich regarding the amount and conditions of reparations payments. The referendum was the result of the initiative ...
The Locarno Treaties were seven post-World War I agreements negotiated amongst Germany, France, Great Britain, Belgium, Italy, Poland and Czechoslovakia in late 1925. In the main treaty, the five western European nations pledged to guarantee the inviolability of the borders between Germany and France and Germany and Belgium as defined in the Treaty of Versailles.
The 1924 Dawes Plan set up a framework that stabilized the German currency and made it possible for Germany to access capital markets in the United States for loans that it could then use to make reparations payments under a more favourable schedule than previously. Even though it led to a notable upswing in the German economy, France, the ...
The Anglo-German Payments Agreement was a bilateral agreement signed on 1 November 1934 between the governments of the United Kingdom and Nazi Germany.The agreement aimed to address German debt obligations, particularly in relation to the Dawes and Young plans as part of World War I reparations, and set a framework for trade relations between the two countries during a period of increasing ...