The Young Plan, 1929
Notes:
-Owen D. Young, american banker
-Recommendation that German Reparations should reduced by 3/4
-Annual payments to be made on a scaled model
-Germans hate it (Hitler)
Ended in 1933 cause of Hitler and only finished the payments in around 2008
-Recommendation that German Reparations should reduced by 3/4
-Annual payments to be made on a scaled model
-Germans hate it (Hitler)
Ended in 1933 cause of Hitler and only finished the payments in around 2008
Video Link
Summary
Young suggested that Germany be given more time to pay off what they owed and have it reduced by 3/4. Germany didn't end up paying it off till around 2008.
Picture
Audio Link
Political Cartoon
Quote
"The man who can put himself in the place of other men, who can understand the workings of their minds, need never worry about what the future has in store for him." -Owen D. Young
Subjunctive Question
Would Germany of been able to pay off their debt if they had to pay it off sooner.