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The Dawes Plan was presented in 1924 by the committee headed by Charles G. Dawes to the Reparations Commission of the Allied nations. It was accepted the same year by Germany and the Allies. The Dawes committee consisted of ten representatives, two each from Belgium, France, Britain, Italy, and the United States; it was entrusted with finding a solution for the collection of the German reparations debt following World War I, set at almost 20 billion marks . Germany had been lagging in payment of this obligation, and the Dawes Plan provided that the Ruhr area be evacuated by Allied occupation troops, that reparation payment should begin at 1 billion marks for the first year and should rise over a period of four years to 2.5 billion marks per year, that the German Reichsbank be reorganized under Allied supervision, and that the sources for the reparation money should include transportation, excise, and customFor an article on the meaning of this term in the field of law, see custom_(law). A custom is also a kind of Motorbike; see Custom (motorcycle) Custom is a common practice among people, especially depending on country, culture, time and religion. The diff taxes. The plan went into effect in SeptemberSeptember is the ninth month of the year in the Gregorian Calendar, with 30 days. The name comes from the Latin septem for " seven" September was originally the seventh month of the year, before January and February were inserted. In Greek civilization, S 1924. Although German business picked up and reparation payments were made promptly, it became obvious that Germany could not long continue those huge annual payments. As a result, the Young PlanThe Young Plan was a program for settlement of German reparations debts after World War I. It was presented by the committee headed ( 1929- 30) by Owen D. After the Dawes Plan was put into operation ( 1924), it became apparent that Germany could not meet was substituted in 1929Centuries: 19th century 20th century 21st century Decades: 1870s 1880s 1890s 1900s 1910s 1920s 1930s 1940s 1950s 1960s 1970s Years: 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 See also 1929 in aviation 1929 in film 1929 in literature 1929 in mu.
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