Which of the following is true of the Dawes Plan?
A) It reduced Germany's annual reparations payments.
B) It shortened the time period for German repayment of reparations debts.
C) It canceled Germany's war debts.
D) It stopped American loans to Germany until all past-due reparations payments were made.

Question

Quizplus · Accepted Answer

The Dawes Plan was an economic agreement between the Allied powers and Germany in 1924 that reduced Germany's annual reparations payments and provided them with American loans to assist in their economic recovery. It did not cancel Germany's war debts, as those were separate from the reparations payments. It also did not stop American loans to Germany, but rather provided them.

Which of the Following Is True of the Dawes Plan