What was the purpose of the Dawes Plan?

The Dawes Plan was a historic economic plan to spread over many years German war reparations after World War I and to grant loans to Germany of $200 million to pay them back. It was developed to stabilize the German post-war economy by a team of experts led by the American banker Charles Dawes. It was adopted on August 16, 1924 during the so-called the London Conference and passed as binding by the Reichstag on August 30, 1924.  The Dawes Plan, as a long-term strategy of conducting economic policy towards Germany, contributed to the temporary reduction of political and economic tensions in Europe.

europe churches founded monasteries and universities that studied philosophy and nature.

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