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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.
The adoption of the plan was followed by the Locarno Treaties. The subsequent "spirit of Locarno" saw an apparent reconciliation between the European Powers. The implementation of the Dawes Plan also saw a positive economic impact in Europe, largely funded by American loans. [74] Under the Dawes Plan, Germany always met her obligations. [75]
René Albrecht-Carrié in 1965 claimed that Weimar Germany, well before Hitler secretly began to rebuild the German military, could not keep up its reparations payments, which were renegotiated several times, and were later the subject of several reorganizational schemes such as the Dawes Plan and the Young Plan.
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 ...
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]
The Lausanne Conference of 1932, held from 16 June to 9 July 1932 in Lausanne, Switzerland, was a meeting of representatives from the United Kingdom, France, Italy, Belgium, Japan and Germany that resulted in an agreement to lower Germany's World War I reparations obligations as imposed by the Treaty of Versailles and the 1929 Young Plan.
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.
At the same time, there was rising nationalist pressure in Germany to negotiate changes to the Dawes Plan and to obtain evacuation of French troops occupying the Rhineland. On 16 September 1928, Aristide Briand of France and Gustav Stresemann of Germany agreed to link negotiations on reparation payments and withdrawal of troops. A committee met ...