The Dawes Plan Essay

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The Weimar Germany was born from the ashes from a devastated Germany from World War One. With the Weimar came two ends, the left end which were liberals and the right end which were conservatives. The main goal of the Weimar government was to reorganize Germany’s problems by recovering from land and money loss. In fact, the Germans leading the Weimar were so competitive that they made it a personal show the other European nations that they can be as honorable and successful and anyone else. Unfortunately, even if the Weimar government was a brilliant and prosperous idea, it was disliked by the majority of the German population. The government was so over scrutinize that it created tension amongst the people who ran it. With such hate and scrutiny, …show more content…

what this plan did was that it lowered Germany’s reparations and allowed it more time to pay them so that money would be enough to pay other debts. Even though European countries were in complete stalemate regarding Germany’s reparation bills for WW1, Charles G. Dawes and his committee believed they had a clear perspective over the situation. By April 1924, the Dawes plan was put into action. The plan allowed Germany to grow in its economy, but in order to start fresh, government leaders created a new German currency; the Rentenmark. German economy was prospering and so was its military state. The French had finally left the Ruhr and new incomes from coal mines were appearing. Thanks to the Dawes Plan and the Ruhr being back under German control, enough money was being made in order to pay the US for the loans Germany owed. In fact, this plan worked so effectively that in 1925 it won the Nobel Prize because how great it contributed to the German reparation crisis. To make things better, a new committee united and created an even more innovative plan to aid the German economy. It was named the Young plan after Dr. Owen G. Young. This plan stated that in order to make the German and world economy even more prosperous and allow the fluency of money, reparations will be set lower and all occupying troops must evacuate German

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