The Young Plan, 1929-1933
-Owen D. Young, American banker
-Recommendation that German Reparations should be reduced by 3/4
-Annual payments to be made on a scaled model
-Germans hate it (Hitler)
-Germany stopped paying France back this money 5 years ago.
Summary:
A revised version of The Dawes Plan.
The Young Plan was the second renegotiation of Germany's World War l reparation payments.
A new committee met in Paris to revise the Dawes plan and make minor changes, which went into effect on Sept. 1, 1930. It reduced the amount due from Germany to 121,000,000,000 Reichsmarks.
-Recommendation that German Reparations should be reduced by 3/4
-Annual payments to be made on a scaled model
-Germans hate it (Hitler)
-Germany stopped paying France back this money 5 years ago.
Summary:
A revised version of The Dawes Plan.
The Young Plan was the second renegotiation of Germany's World War l reparation payments.
A new committee met in Paris to revise the Dawes plan and make minor changes, which went into effect on Sept. 1, 1930. It reduced the amount due from Germany to 121,000,000,000 Reichsmarks.