page_title: Dawes Plan
section_title: The Barclay School Committee is established
hierarchical_section_title: Dawes Plan / Background: World War I Europe / The Barclay School Committee is established
caption_attribution_description: Budget du Reich Allix Mac Fadyean Houtart Francqui Dawes Flora Stamp Pirelli Parmentier Owen Kindersley
context_page_description: The Dawes Plan was a plan in 1924 that successfully resolved the issue of World War I reparations that Germany had to pay. It ended a crisis in European diplomacy following World War I and the Treaty of Versailles.
  The plan provided for an end to the Allied occupation, and a staggered payment plan for Germany's payment of war reparations. Because the Plan resolved a serious international crisis, Dawes shared the Nobel Peace Prize in 1925 for his work.
  The Dawes Plan was put forward and was signed in Paris on August 16th 1924. This was done under the Chancellor of Germany, Gustav Stresemann. Stresemann was Chancellor after the Hyperinflation Crisis of 1923 and was in charge of getting Germany back its global reputation for being a fighting force.
  It was an interim measure and proved unworkable. The Young Plan was adopted in 1929 to replace it.
context_section_description: To simultaneously defuse this situation and increase the chances of Germany resuming reparation payments, the Allied Reparations Commission asked Dawes to find a solution fast.
  The Dawes committee, which urged into action by Britain and the United States, consisted of ten informal expert representatives, two each from Belgium (Baron Maurice Houtart, Emile Francqui), France (Jean Parmentier, Edgard Allix), Britain (Sir Josiah C. Stamp, Sir Robert M. Kindersley), Italy (Alberto Pirelli, Federico Flora), and the United States (Dawes and Owen D. Young, who were appointed by Commerce Secretary Herbert Hoover). It was entrusted with finding a solution for the collection of the German reparations debt, which was determined to be 132 billion gold marks, as well as declaring that America would provide loans to the Germans, in order that they could make reparations payments to the United States, Britain and France.
caption: The Dawes committee, presided by Charles G. Dawes (April 8, 1924)
exif: {}