What was the point of the Young Plan?

The Young Plan was formulated in 1929. The Young Plan was an attempt by former wartime allies to support the government of Weimar Germany. In 1924, the Dawes Plan had been introduced to bring Weimar out of hyperinflation and to stabilise its economy.

Who introduced the Young Plan?

Owen D. Young
In 1929, the committee, under the chairmanship of Owen D. Young, the head of General Electric and a member of the Dawes committee, 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.

When did the Young Plan start?

December 22, 1929
1929 German referendum/Start dates

How did Dawes Plan help Germany?

The Dawes Plan (as proposed by the Dawes Committee, chaired by Charles G. Dawes) was a plan in 1924 that successfully resolved the issue of World War I reparations that Germany had to pay. The plan provided for an end to the Allied occupation, and a staggered payment plan for Germany’s payment of war reparations.

When did the Young Plan go into effect?

Young Plan, (1929), second renegotiation of Germany’s World War I reparation payments. A new committee, chaired by the American Owen D. Young, met in Paris on Feb. 11, 1929, to revise the Dawes Plan of 1924. Its report (June 7, 1929), accepted with minor changes, went into effect on Sept. 1, 1930.

When was the Young Plan for World War 1 written?

The Young Plan was a program for settling Germany’s World War I reparations written in August 1929 and formally adopted in 1930.

Who was the author of the Young Plan?

Young Plan. Written By: Young Plan, (1929), second renegotiation of Germany’s World War I reparation payments. A new committee, chaired by the American Owen D. Young, met in Paris on Feb. 11, 1929, to revise the Dawes Plan of 1924. Its report (June 7, 1929), accepted with minor changes, went into effect on Sept. 1, 1930.

How did the Young Plan work in Germany?

Young Plan. Under the terms of the German constitution, if ten percent of the eligible voters in the country signed a petition in favor of a proposed law, the Reichstag had to put the matter to a vote. If the Reichstag voted against the law, the proposal would automatically be put to a national referendum.