1h 24min, sep 1, 1924 y - Dawes plan
Description:
The Dawes Plan, proposed in 1924, was a compromise to help Germany recover from the economic ruin caused by World War I reparations. It rearranged Germany's reparations payments to pay less and pay in smaller installments. The plan also provided loans from the United States to stabilize Germany's economy. Germany's economy expanded, inflation decreased, and currency value stabilized as a result.Added to timeline:
Date:
1h 24min, sep 1, 1924 y
Now
~ 100 years ago