Between the Wars - Dawes Plan

The Dawes Plan was an attempt following World War I for the Triple Entente to compromise and collect war reparations debt from Germany. The Dawes Plan (as proposed by the Dawes Committee, chaired by Charles G. Dawes) was an attempt in 1924 to solve the reparations problem, which had bedeviled international politics following World War I and the Treaty of Versailles. The Allied occupation of the Ruhr industrial area contributed to the hyperinflation crisis in Germany, partially because of its disabling effect on the German economy.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. It was an interim measure and proved unworkable. The Young Plan was adopted in 1929 to replace it.