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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.
On the subject of foreign policy, the president noted that the Dawes Plan was making progress in European reconstruction after World War 1. On this matter, the president said: [ 1 ] [ 2 ] It is not necessary to stress the general desire of all the people of this country for the promotion of peace.
The Labour Party opposed the occupation of the Ruhr throughout 1923, which it rejected as French imperialism. The British Labour Party believed it had won when Poincaré accepted the Dawes Plan in 1924. [40] Despite his disagreements with the United Kingdom, Poincaré desired to preserve the Anglo-French entente and moderated his aims to a degree.
Washington also helped stabilize the European economy through the Dawes Plan and the Young Plan. The Immigration Act of 1924 was aimed at stabilizing the traditional ethnic balance and strictly limiting the total inflow. The act completely blocked Asian immigrants, providing no means for them to get in. [2] The Wall Street Crash of 1929 and the ...
Once the Allies had relinquished control of the customs posts, Germany made no further payments in cash until 1924 following the implementation of the Dawes Plan. [169] Marks says that while Article 231 of the Treaty of Versailles "established an unlimited theoretical liability", Article 232 limited German responsibility to pay only for ...
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 last French troops leave Dortmund in October 1924. 1925 – August/September: Adoption of the Dawes Plan by the German Government. The Allies end the occupation of the Ruhr. 1923 – Representatives from the towns of Köln, Düsseldorf und Duisburg found the "Studiengesellschaft für die rheinisch-westfälische Schnellbahn". A Schnellbahn ...
The immediate crisis was solved by the 1924 Dawes Plan, an international effort chaired by the American banker Charles G. Dawes. It set up a staggered schedule for Germany's payment of war reparations, provided for a large loan to stabilise the German currency and ended the occupation of the Ruhr. [126]