Young Plan (Paperback)

High Quality Content by WIKIPEDIA articles 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 Young Plan reduced further payments to 112 billion Gold Marks, US $8 billion in 1929 (US$ 108 billion in 2012) over a period of 59 years (1988). In addition, the Young Plan divided the annual payment, set at two billion Gold Marks, US $473 million, into two components, one unconditional part equal to one third of the sum and a postponable part for the remaining two-thirds.