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The Dawes Plan worked so well that by 1929 it was believed that the controls over Germany could be removed and the reparations could be completely fixed. Although, a downside of the Dawes plan included politicians like Adolf Hitler and Alfred Hugenberg whom attacked the Dawes Plan because they said it would not reduce the total reparations owed. They disliked the idea that foreigners were able to control the German economy.

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In 1924, the head chairmen, Charles. G Dawes proposed a statement to the Dawes committee. In the proposal, he would explain to this committee that he successfully solved the problem of the World War I reparations that Germany had to pay. This would end in European diplomacy following WWI and The Treaty of Versailles. The plan went into action as it provided for reorganization of the Reichsbank(central bank of the German Reich from 1876 until 1945) and for an initial loan of 800 million to Germany. From an outsider perspective, The Dawes Plan was a great success.