1
Question
Why did the USA introduce the Dawes plan?
Why did the USA introduce the Dawes plan?
Open in App
Solution
The correct option is B To reorganise the Reichsbank
In an attempt to pay the war reparations to the Allied countries, Reichsbank, Germany’s central bank, printed too much paper currency, causing devaluation or reduction in the value of its currency. This pushed the country into a state of hyperinflation. So, the United States of America intervened and introduced the Dawes Plan - to reorganise the Reichsbank and rework the terms of reparation.
In an attempt to pay the war reparations to the Allied countries, Reichsbank, Germany’s central bank, printed too much paper currency, causing devaluation or reduction in the value of its currency. This pushed the country into a state of hyperinflation. So, the United States of America intervened and introduced the Dawes Plan - to reorganise the Reichsbank and rework the terms of reparation.
Suggest Corrections
6
Similar questions
View More
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
