Young Plan 1929
- Created by: Gem_22
- Created on: 29-05-15 12:30
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- Young Plan 1929
- An attempt by former allies to support the government of Weimar Germany.
- The Dawes Plan had worked, but reparation payments were still an issue.
- Young Plan reduced reparations to 112 billion gold marks.
- Final plan was a generous attempt to support Germany through financial pain.
- Money was to be paid over 59 years, equivalent to $473 million paid each year.
- Meant Germany had protection to 'get out' of paying full price.
- When USA finally ready to start the Young Plan, Wall Street Crash occurred and meant that USA withdrew all of its money.
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