The Young Plan 1929
· Owen D. Young American banker
· Recommendation that German reparations should be reduced by ¾
· Annual payments to be made on a scale model
· Germans hate it
(only paid till 1933)
It is not the crook in modern business that we fear, but the honest man who doesn't know what he is doing.
- Owen D. Young
- Owen D. Young
Subjunctive Question
What would happen to the Germans if this plan was not introduced?
FUN FACT: Young was named Time Magazines Man of the Year in 1929
The boxes holding on the back of the plane say "Young Plan"
The anchor says "Reservation" with a tag that says "Wanted on the voyage"
The back pack of the man lifting the anchor up says "French Finance"
The caption says "Just to ensure a safe landing"
The anchor says "Reservation" with a tag that says "Wanted on the voyage"
The back pack of the man lifting the anchor up says "French Finance"
The caption says "Just to ensure a safe landing"
Summary
It was realized that with the interest Germany had to pay there was no way they would be able to pay off their reparations. As a result the interest was lowered by 3/4 and they were to paid on a scale model. Germany hated this still even though it was better for them than the original, they just disagreed that they should pay any at all.