Dawes + Young plan

• What was the Dawes plan?

  • 1924
  • US loans 800 million Reichsmarks to Germany
  • Reparations temporarily reduced to £50 million a year
• What was the Young Plan?

  • 1929
  • Lowered total reparations from £ 6.6B to £ 2B
  • Payments continued to 1988 (another 59 years)
• How are the Wall Street crash and Young plan linked?

  The stock market crashed in USA

  • American banks had to recall all loans made to Europe
  • > undermining young plan