What was agreed inthe dawes and young plans?

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2026-01-29 15:20

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The Dawes Plan, agreed upon in 1924, aimed to restructure Germany's reparations payments after World War I, providing loans from the U.S. to stabilize the German economy. The Young Plan followed in 1929, further reducing the total reparations amount and extending the payment period. Both plans sought to ease Germany's financial burden and promote economic recovery, while involving international cooperation to ensure compliance. These agreements were crucial in addressing the economic instability in post-war Europe.

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