Dawes Plan

Paris Peace Conference
League of Nations Covenant of the League of Nations Members Organisation Minority Treaties Little Treaty of Versailles Mandates
Treaty of Versailles "War Guilt" clause Reparations Dawes Plan Hague conference on reparations Young Plan Lausanne Conference Locarno Treaties Possible cause of World War II International Opium Convention
Treaty of Saint-Germain-en-Laye Treaty of Saint-Germain-en-Laye
Treaty of Neuilly-sur-Seine Treaty of Neuilly-sur-Seine
Treaty of Trianon Treaty of Trianon Millerand letter
Treaty of Sèvres Partition of the Ottoman Empire Conference of London (1920) San Remo conference Turkish National Movement Turkish War of Independence Treaty of Lausanne
Others American Commission to Negotiate Peace Commission of Responsibilities The Inquiry
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The Dawes Plan temporarily resolved the issue of the reparations that Germany owed to the Allies of World War I. Enacted in 1924, it ended the crisis in European diplomacy that occurred after French and Belgian troops occupied the Ruhr in response to Germany's failure to meet its reparations obligations.

The Plan 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. It resulted in a brief period of economic recovery in the second half of the 1920s, although it came at the price of a heavy reliance on foreign capital. The Dawes Plan was superseded by the Young Plan in 1929.

Because the Plan resolved a serious international crisis, the American Charles Dawes, who headed the group that developed it, received the Nobel Peace Prize in 1925.