The Young Plan, 1929
Notes
-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)
-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)
Quote: It takes vision and courage to create - it takes faith and courage to prove. - Owen D. Young
Political Cartoon
BIG Question; Why was the Young Plan more successful than the Dawes Plan ?
Summary
Was also a way to help Germany out of its debt, however it was more successful as it lowered Germany's interest by 3/4 and gave them longer time to pay in the form of periods.
Was also a way to help Germany out of its debt, however it was more successful as it lowered Germany's interest by 3/4 and gave them longer time to pay in the form of periods.