Definition, Meaning & Synonyms
Dawes Plan
Noun
/dɔːz plæn/
Definition
The Dawes Plan was a financial agreement made in 1924 to manage Germany’s reparations payments after World War I.
Examples
- The Dawes Plan significantly eased the financial burdens on Germany in the 1920s.
- Many economic historians consider the Dawes Plan a temporary solution that delayed the inevitable bankruptcy of the Weimar Republic.
- Under the Dawes Plan, Germany received loans to help rebuild its industry.
Meaning
The plan aimed to help stabilize the German economy by rescheduling its reparations and providing loans from the United States.
Synonyms
- Economic recovery plan
- Reparations agreement
- Financial restructuring plan
