This article relies largely or entirely on a single source. (August 2024) |
The London Conference was held from July 16 to August 16, 1924. Its main topic was repayment of war reparations to the former Entente by the Weimar Republic. It resulted in the creation of the Dawes Plan.[1] This was intended to strengthen the economy of the Weimar Republic. The resolution was also intended to ensure that reparations were made and to prevent further defaults on payments. The Weimar Republic was represented by, among others, the president of the Reichsbank, Hjalmar Schacht, Reichschancellor Wilhelm Marx, Foreign Minister Gustav Stresemann and Finance Minister Hans Luther. From August 5, Germany was accepted as an equal to the victorious Entente for the first time since the First World War.
In addition to annual reparations payments, primarily the US parties granted a loan of 800 million gold marks to stabilize the Weimar economy.
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edit- ^ Parmentier, Jean (December 15, 1924). "The Reparations Problem After London" – via Foreign Affairs.