The Dawes Plan August 1924

The Dawes Plan August 1924

1. In April 1924, the Dawes Committee proposed that payments should be reduced and phased over a longer period.

2. MacDonald worked hard to secure French and German acceptance of the Dawes Plan.

3. Germany agreed to meet the new reparation payments.

4. France agreed to withdraw its forces from the Ruhr within a year.

5. Both Germany and France kept their side of the bargain.

6. Germany met its payments to France and Britain due to US loans.