THE YOUNG PLAN, 1929
- Lasted 4 years
- Owen D. Young, American banker
- Reccomendation that German Reparations should be reduced by ¾
- Annual payments to be made on a scaled model
- Germans hate it (Hitler)
Interesting Fact
It proposed a plan that reduced the total amount of reparations demanded of Germany to 121 billion gold marks, almost $29 billion, payable over 58 years.
Quote
"Markets as well as mobs respond to human emotions; markets as well as mobs can be inflamed to their own destruction."
--Owen D. Young
--Owen D. Young
Subjunctive Question
Would this plan have been accepted and implemented if it had been introduced by a German?
Summary
The Young Plan was a recommendation, by Owen D. Young, that German reparations should be reduced by ¾. Annual payments would be made to be payed on a scaled model. Germans and Hitler still hate it becasue even though they do not have to pay as much, they still have to take the blame.