Which agreement was created to facilitate economic stability in Germany during the 1920s?

The Dawes Plan was created specifically to address the economic crisis in Germany during the 1920s, following the devastation caused by World War I and the imposition of reparations by the Treaty of Versailles. The plan was developed in 1924 and aimed to stabilize the German economy by restructuring the reparations payments, providing loans from the United States, and facilitating foreign investments.

By reducing the immediate financial burden on Germany and allowing for a more manageable repayment schedule, the Dawes Plan helped to stimulate economic recovery, stabilize currency, and promote industrial growth in Germany. As a result, it played a crucial role in enhancing economic stability during a period marked by hyperinflation and widespread unemployment.

Other agreements mentioned, such as the Kellogg-Briand Pact, primarily focused on promoting peace and preventing war rather than directly addressing economic issues. The Locarno Treaties sought to secure borders in Western Europe and promote peace but did not directly offer economic solutions. The Washington Conference dealt with disarmament and security issues among major powers, without relevance to Germany’s economic stabilization.

Thus, the Dawes Plan stands out as the key agreement that specifically facilitated economic stability in Germany during the tumultuous 1920s.