Dawes Plan

Definition

The Dawes Plan was a strategy proposed by Charles G. Dawes in 1924 to resolve Germany's World War I reparations payments problem, which had strained the international economy and contributed to overall instability.

Related terms

Reparations: These are compensation payments made after a war by the defeated countries to the victors. They are intended to cover damage or injury during the war.

World War I: This was a major global conflict that took place from 1914-1918 involving many of the world's nations. It led to significant changes in political structures and social attitudes.

Weimar Republic: This is the term used for the German government between 1919 and 1933. It was established after Germany lost World War I and faced numerous economic challenges, including reparations payments.