Dawes Plan

The Dawes Plan, enacted in 1924, was an international agreement aimed at helping Germany stabilize its economy after World War I. It involved arranging more manageable reparation payments for Germany and securing loans from abroad to rebuild its industry. The plan also coordinated the activities of Germany's currency and reparations payments with efforts by European nations and the United States. By stabilizing the German economy, the Dawes Plan sought to promote economic stability and peace in Europe, preventing the economic crises that had followed the war from worsening and encouraging international cooperation.