Young Plan
978-613-2-43404-3
6132434046
76
2010-08-31
34.00 €
eng
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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The Young Plan was a program for settlement of German reparations debts after World War I written in 1929 and formally adopted in 1930. It was presented by the committee headed (1929–30) by American Owen D. Young. After the Dawes Plan was put into operation (1924), it became apparent that Germany could not meet the huge annual payments, especially over an indefinite period of time. The Committee, which had been appointed by the Allied Reparation Committee, met in the first half of 1929, and submitted its first report on June 7 of that year. In addition to Young, the United States was represented by J. P. Morgan, Jr., the prominent banker, and his partner, Thomas W. Lamont. The report met with great objections from the United Kingdom but, after a first Hague Conference, a plan was finalized on August 31. The plan was formally adopted at the second Hague Conference, in January 1930.
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