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Dawes Plan
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===Dawes committee=== [[File:Allied Experts in Berlin - Flora - Sir R. Kindersley - McFadyean - Pirelli - Allix - Parmentier - Dawes - Young - Houtart - Sir J. Stamp - Francqui LCCN2014716971.jpg|thumb|258x258px|The Dawes committee in Berlin. Dawes is seated fourth from left. On his left is [[Owen Young]], from whom the 1929 [[Young Plan]] took its name.]] In 1923 the new German chancellor [[Gustav Stresemann]] ordered an end to passive resistance, implemented a currency reform that brought an end to the hyperinflation and sought discussions with the Allied Powers which would take into consideration what Germany was financially capable of paying.<ref name=":1" /> The Reparations Commission set up the Dawes committee, consisting of ten expert representatives nominated by their respective countries: two each from Belgium (Baron [[Maurice Houtart]], [[Emile Francqui]]), France ([[Jean Parmentier (diplomat)|Jean Parmentier]], Edgard Allix), Britain (Sir [[Josiah Stamp, 1st Baron Stamp|Josiah C. Stamp]], Sir [[Robert Kindersley, 1st Baron Kindersley|Robert M. Kindersley]]), Italy (Alberto Pirelli, Federico Flora) and the United States ([[Charles G. Dawes]] and [[Owen D. Young]]).<ref>{{Cite book |last=Dawes |first=Rufus Cutler |url={{Google books|HsciAAAAMAAJ|page=19|plainurl=yes}} |title=The Dawes Plan in the Making |publisher=Bobbs-Merrill |year=1925 |location=Indianapolis, IN |pages=19}}</ref> Dawes, the head of the committee, was a former army general, banker and politician. His committee was tasked with examining the stabilization of Germany's currency, its budget and its resources. Based on the studies, the committee was to recommend a realistic schedule of payments β one taking into account Germany's ability to pay β that would replace the London Schedule.<ref name=":3">{{Cite web |title=Charles G. Dawes β Biographical |url=https://www.nobelprize.org/prizes/peace/1925/dawes/biographical/ |access-date=15 October 2023 |website=Nobel Prize}}</ref><ref name=":4">{{Cite web |last=Scriba |first=Arnulf |date=2 September 2014 |title=Der Dawes-Plan |url=https://www.dhm.de/lemo/kapitel/weimarer-republik/aussenpolitik/dawesplan |access-date=8 October 2023 |website=Deutsches Historisches Museum |language=de}}</ref>
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