Dawes Plan(Identify the historical significance)A farm-relief bill that was championed throughout the 1920s and aimed to keep agricultural prices high by authorizing the government to buy up surpluses and sell them abroad. Congress twice passed the bill, but President Calvin Coolidge vetoed it in 1927 and 1928.This law banned "yellow-dog," or antiunion, work contracts and forbade federal courts from issuing injunctions to quash strikes and boycotts. It was an early piece of labor-friendly federal legislation.An arrangement negotiated in 1924 to reschedule German reparations payments. It stabilized the German currency and opened the way for further American private loans to Germany.Agreement coming out of the Washington "Disarmament" Conference of 1921-1922 that pledged Britain, France, Italy, Japan, the United States, China, the Netherlands, Portugal, and Belgium to abide by the Open Door policy in China. The Five-Power Naval Treaty on ship ratios and the Four-Power Treaty to preserve the status quo in the Pacific also came out of the conference.

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