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Article: Young Plan
- Article from:
- Dictionary of American History
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YOUNG PLAN
YOUNG PLAN.
Named for its chief architect and promoter, American business executive Owen D. Young, the Young Plan attempted to depoliticize and establish the final terms of Germany's World War I reparations to the Allied Powers, namely France, Great Britain, Italy, and Belgium. Implemented in September 1930, the complex international agreement reduced the amount of Germany's annual payments and set the total indemnity near $25 billion (approximately $267 billion in 2001 dollars). Interest was to accrue annually at 5.5 percent with installments payable through 1988. The Young Plan ...