1924 16 from July to August 16, the London International Conference of the Allies approved the plan for German reparations, which was immediately adopted by the German Parliament. This plan was drawn up and put forward by an expert committee chaired by American banker Charles Dawes, so it is called "Dawes Plan".

Dawes Plan was announced on April 9th, 1924. The principle on which the plan is based is the so-called "only talk about business, not politics". The plan stipulates that the German national bank will be reorganized under the supervision of the allies; However, the total amount of compensation in Germany has not been determined, and only the amount of compensation from 1924 to 1925 is set as1000 billion gold mark, which will increase year by year and increase to 2.05 billion gold mark every year after five years. Germany will receive 800 million foreign loans from Jinbiao, of which US$ 654.38+654.38+million will be borne by the United States and the rest by European countries. According to the plan, part of the income and part of the customs duties of German industrial enterprises and railway transportation will be paid as compensation, and the French and Belgian troops will immediately withdraw from Ruhr.