Discuss The Role Of The Dawes Plan In Germany
In October 1923 a group of Allies was created to think of a way to help stabilise the German economy and find a better system for paying reparations. The former Director of the US Bureau of the Budget Charles G. Dawes chaired the meetings and six months later the Dawes Plan was accepted. With the Dawes Plan in action the French troops were to withdraw from the Rhur, which they did in full by 25th August, 1925.
When the Dawes Plan was written, it was thought to be a temporary plan which would be revised later. By late 1927 a revision was called for and on 16th September, 1928 it was announced that a new plan would be created. A new committee was created, chaired by American banker Owen D. Young and about a year later the Young Plan
was accepted by the German Government. It was the first plan to have an estimated date for the last reparation payment which was to be in 1988.
Even though the Young Plan reduced the amount of reparations to be paid by Germany, the German people’s opposition to the plan grew. On the 22nd December, 1929 a referendum was held in Germany trying to introduce a 'Law against the Enslavement of the German People' which, if passed, would make it a crime for reparations to be collected by German officials. Of those who voted 94.5% wanted to bring the new law in but as only 14.9% of eligible voters voted (50% needed for it to pass/be valid) the proposed law did not go through. Though the law did not pass it brought a lot of attention to Hitler and his cause.
When the Dawes Plan was written, it was thought to be a temporary plan which would be revised later. By late 1927 a revision was called for and on 16th September, 1928 it was announced that a new plan would be created. A new committee was created, chaired by American banker Owen D. Young and about a year later the Young Plan
was accepted by the German Government. It was the first plan to have an estimated date for the last reparation payment which was to be in 1988.
Even though the Young Plan reduced the amount of reparations to be paid by Germany, the German people’s opposition to the plan grew. On the 22nd December, 1929 a referendum was held in Germany trying to introduce a 'Law against the Enslavement of the German People' which, if passed, would make it a crime for reparations to be collected by German officials. Of those who voted 94.5% wanted to bring the new law in but as only 14.9% of eligible voters voted (50% needed for it to pass/be valid) the proposed law did not go through. Though the law did not pass it brought a lot of attention to Hitler and his cause.