31 Aug 1929 Jahr - The Young Plan

Beschreibung:

In late 1928, Stresemann called for a permanent solution to the reparations (which the Dawes plan didn't offer). This was addressed with a committee headed by Young and provided a plan as to how and to what amount reparations would be paid in which the Germans were now represented.
There resulting plan cut total reparations by around 20% to be paid in annual instalments until 1988.
The plan also made allowances for Germany's ability to pay in any given year by making only a third of the money being paid compulsory with the other two thirds able to be postponed (but would incur interest).
It also provided Germany with another American loan of around $300 million and ended financial supervision and occupation of the Rhineland by allied militaries.

The policy was greatly protested by the National and Nazi parties but in a plebiscite around 85% of Germans voted in favour of the Young plan.

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