Editing Dawes Plan (section)

{{Short description|1924 plan to resolve Germany's World War I reparations}}
{{Distinguish|Dawes Act}}

{{Paris Peace Conference sidebox}}

The '''Dawes Plan''' temporarily resolved the issue of the [[World War I reparations|reparations]] that Germany owed to the [[Allies of World War I]]. Enacted in 1924, it ended the crisis in European diplomacy that occurred after French and Belgian troops [[Occupation of the Ruhr|occupied the Ruhr]] in response to Germany's failure to meet its reparations obligations.

The Plan set up a staggered schedule for Germany's payment of war reparations, provided for a large loan to stabilise the German currency and ended the occupation of the Ruhr. It resulted in a brief period of economic recovery in the second half of the 1920s, although it came at the price of a heavy reliance on foreign capital. The Dawes Plan was superseded by the [[Young Plan]] in 1929.

Because the Plan resolved a serious international crisis, the American [[Charles G. Dawes]], who headed the group that developed it, received the [[Nobel Peace Prize]] in 1925.