Dawes Plan

Question 1

What was the new soloution

Answer 1

Introduce a new currency called retenmark

Question 2

Purpose

Answer 2

o address the economic crisis in Germany such as not paying back other countries and hyperinflation and facilitate the payment of reparations imposed by the Treaty of Versailles.

Question 3

Date introduced

Answer 3

1924

Question 4

What did plan do

Answer 4

• Restructured Germany’s reparations schedule to make payments more manageable.
• Initial payments were reduced, with gradual increases over time as Germany’s economy improved.

Question 5

What was the impact

Answer 5

• he plan succeeded in stabilizing the German economy, reducing inflation, and restoring industrial production.
• Helped restore international confidence in Germany’s financial system.

Question 6

Who was credtied for this plan

Answer 6

gustav stressemann