Dawes resigned from the Army in 1919 and became a member of the American Legion . He supported Frank Lowden at the 1920 Republican National Convention , but the presidential nomination went to Warren G. Harding . When the Bureau of the Budget was created , he was appointed in 1921 by President Harding as its first director . Secretary of Commerce Herbert Hoover appointed him to the Allied Reparations Commission in 1923 . For his work on the commission 's Dawes Plan , a program to enable Germany to restore and stabilize its economy , Dawes shared the Nobel Peace Prize in 1925 . The Dawes Plan provided significant US funds , raised through bond sales , to the German economy , and permitted Germany to recover its industrial production while making reparation payments . In 1929 the Reparations Commission , under Owen Young , replaced the plan with the more permanent Young Plan , which reduced the total amount of reparations and called for the removal of occupying forces
1920 Republican National Convention
1920 Republican National Convention
Charles G. Dawes