What Was the Purpose of the Dawes Plan,instituted in 1924

question 33

Multiple Choice

What was the purpose of the Dawes Plan,instituted in 1924?

• A) It authorized the mobilization of U.S.military forces to ensure that Germany would pay reparations.
• B) It cut Germany's annual reparations payments in half and initiated fresh American loans to Germany.
• C) It called for the United States to join the League of Nations in order to enforce the Kellogg-Briand pact.
• D) It made provisions for the United States to assume Germany's war debts in exchange for their commitment to peace.

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Definitions:

Insurance Settlement

A financial payment made by an insurance company to a policyholder or claimant as a resolution for a filed claim against a policy.

Medical Expense

Expenses related to diagnosing, curing, mitigating, treating, or preventing illnesses, as well as for therapies that impact any body part or its functions.

Wheelchair

A chair mounted on wheels designed for individuals who are unable to walk due to illness, injury, or disability.

Fair Market Value

The price at which an asset would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of relevant facts.