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The Ruhr Crisis 1923-1924$
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Conan Fischer

Print publication date: 2003

Print ISBN-13: 9780198208006

Published to Oxford Scholarship Online: January 2010

DOI: 10.1093/acprof:oso/9780198208006.001.0001

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From the Micum Agreement to the Dawes Plan

From the Micum Agreement to the Dawes Plan

Chapter:
(p.258) 10 From the Micum Agreement to the Dawes Plan
Source:
The Ruhr Crisis 1923-1924
Author(s):

Conan Fischer (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198208006.003.0011

During October and November 1923 tortuous negotiations between the French authorities and the Ruhr's mining industry finally agreed on the creation of a new reparations regime and the terms of payment by the mines (the Micum Agreements). The German government played no significant part in this process and the taxpayer was not involved. Workplace conditions deteriorated further and leading industrialists mooted a merging of their businesses with their French counterparts as a way to escape the crisis. However, Britain and the United States finally intervened and persuaded a reluctant France to engage with a process of international mediation. Stresemann, now German Foreign Minister, supported this multilateral approach which saw the publication of the Dawes Report and thereafter the negotiated settlement of the reparations crisis in August 1924. The final French evacuation of the Ruhr followed a year later.

Keywords:   Britain, Dawes Report, France, Germany, industrialists, Micum Agreements, mining industry, reparations, United States, workplace conditions

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