The Young Plan was a 1929 attempt to settle issues surrounding the World War I reparations obligations that Germany owed under the terms of Treaty of Versailles. Developed to replace the 1924 Dawes Plan, the Young Plan was negotiated in Paris from February to June 1929 by a committee of international financial experts under the leadership of American businessman and economist Owen D. Young. Representatives of the affected governments then finalised and approved the plan at The Hague conference of 1929/30. Reparations were set at 36 billion Reichsmarks payable through 1988. Including interest, the total came to 112 billion Reichsmarks. The average annual payment was approximately two billion Reichsmarks (US$473 million in 1929).
Young Plan, which sought to settle German reparations debts after World War I, is agreed
The Young Plan was a 1929 attempt to settle issues surrounding the World War I reparations obligations that Germany owed under the terms of Treaty of Versailles.
Historical Significance
The Young Plan was a 1929 attempt to settle issues surrounding the World War I reparations obligations that Germany owed under the terms of Treaty of Versailles.
Events Before
Algemeene Vereeniging Radio Omroep (AVRO) begins broadcasting in the Netherlands
Algemeene Vereeniging Radio Omroep (AVRO) begins broadcasting in the Netherlands
Paleoanthropologist Davidson Black reports his findings on the ancient human fossils found at Zhoukoudian, China, in the
Paleoanthropologist Davidson Black reports his findings on the ancient human fossils found at Zhoukoudian, China, in the journal Nature and declares them to be a new species he names 'Sinanthropus pekinensis' (now known as 'Homo erectus')
American actress Mary Astor (21) weds American film director Kenneth Hawks (30) at her family home "Moorcrest" in the Ho
American actress Mary Astor (21) weds American film director Kenneth Hawks (30) at her family home "Moorcrest" in the Hollywood Hills, until his death in 1930
Industrialist Oskar Schindler (19) weds Emilie Schindler (20) in Svitavy, Czech Republic
Industrialist Oskar Schindler (19) weds Emilie Schindler (20) in Svitavy, Czech Republic
RCA and GE install three test television sets in homes in Schenectady, New York, allowing trials of inventor E.F.W. Alex
RCA and GE install three test television sets in homes in Schenectady, New York, allowing trials of inventor E.F.W. Alexanderson's first home television receiver; a poor and unsteady 1.5-square-inch picture is received from a radio transmitter
Events After
Claus von Stauffenberg is promoted to Second Lieutenant
Claus Philipp Maria Justinian Schenk Graf von Stauffenberg was a German army officer who is best known for his failed attempt on 20 July 1944 to assassinate Adolf Hitler at the Wolf's Lair, part of...
Mao Zedong writes the essay "A Single Spark Can Start a Prairie Fire" to criticize cadres not creating rural revolutiona
Mao Zedong writes the essay "A Single Spark Can Start a Prairie Fire" to criticize cadres not creating rural revolutionary base areas
Belgium Princess Marie-Jose marries Italian's crown prince Umberto
Belgium Princess Marie-Jose marries Italian's crown prince Umberto
Businesswoman Estee Mentzer (23) weds businessman Joseph Lauter (later Lauder)
Businesswoman Estee Mentzer (23) weds businessman Joseph Lauter (later Lauder)
Mahatma Gandhi begins his famous 200-mile (320 km) protest march against the widely hated British salt tax
Mahatma Gandhi begins his famous 200-mile (320 km) protest march against the widely hated British salt tax
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Byelorussian Communist Organization is founded as a separate party
The Byelorussian Communist Organisation was a communist group in Belarus, led by Usievalad Ihnatoŭski.
Frequently Asked Questions
- What happened on August 6, 1929?
- The Young Plan was a 1929 attempt to settle issues surrounding the World War I reparations obligations that Germany owed under the terms of Treaty of Versailles. Developed to replace the 1924 Dawes Plan, the Young Plan was negotiated in Paris from February to June 1929 by a committee of international financial experts under the leadership of American businessman and economist Owen D. Young.
- Why is Young Plan, which sought to settle German reparations debts after World War I... significant?
- The Young Plan was a 1929 attempt to settle issues surrounding the World War I reparations obligations that Germany owed under the terms of Treaty of Versailles.