|
|
|
|
Young Plan
History of USA
|
  
|
| | 1929 | Young, Owen | |
| 7th June The Reparations Committee, is appointed by the Allied Reparation Committee, meets in the first half of 1929, and submits it's first report |
| 31st Aug The Young Plan meets with great objections from the United Kingdom but, after a first Hague Conference, the plan is finalized |
| 1930 | Young, Owen | |
| Jan Germany would know the exact extent of German obligations and to reduce the payments appreciably, the Young Plan divided the annual payment, set at about $473 million, into two elements-an unconditional part (one third of the sum) |
| Jan The Young Plan calls for an international bank of settlements to handle the reparations transfers, the resulting Bank for International Settlements was duly established at the Hague Conference |
| Jan The Young Plan is formally adopted at the second Hague Conference |
| Jan The Young Plan sets the total reparations at $26,350,000,000 to be paid over a period of 58« years & is adopted by the Allied Powers to supersede the Dawes Plan |
|
|
|
