8. Young Plan:

Due to the Great Depression, the United States of America could not continue to fund Germany. This called upon a new act to stabilize Germany’s punishment. With the end of the Dawes Plan the debate upon German reparations were yet again left astray. Financier Owen D. Young of the United States was asked on behalf of the Allied Reparations Committee to investigate this matter. Young suggested that German reparations be reduced to around three-quarters of the present value. In this way, Germany would be able to make annual payments until 1988. All countries but Germany accepted the Young Plan. Adolf Hitler and Alfred Hugenberg strongly refused these repayment methods and as Germany’s unemployment grew in 1931, the payments were suspended and soon after in 1932 the plan was cancelled.

Copyright ©2009 by Ben Pi, Tony Fu, Amere Huang, Jeff Fong, Edwin Li, Irena Liu SS 20IB