Buy custom The Successes and Failures of the League of Nations
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History
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Number of pages / Number of words: |
6 / 1488 |
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An Allied Reparations Committee was set up and in 1921 it reported that Germany should pay ?6,600.000 million in annual instalments. Later on, in 1924 what was known as the Dawes Plan began to investigate the problem. An American Banker named Charles Dawes was sent by the ARC to write a report on it...
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His results followed: Germany did not have to pay for two years. The amount they had to pay was reduced and France was forced to remove any troops from the Ruhr. The Dawes Plan was initially a great success. The currency was stabilized and inflation was brought under control. Large loans were raised in the United States and this investment resulted in a fall in unemployment...
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