The Young Plan, 1929

Cards (19)

  • Who headed the committee set up by the Allies to address reparations?
    An American banker called Owen Young
  • What was the total reparations debt reduced to under the Young Plan?
    £2 billion
  • How many additional years was Germany given to pay reparations under the Young Plan?
    59 years
  • Until what year was Germany expected to complete its reparations payments?
    1988
  • What was one effect of lower reparations payments on German taxes?
    It allowed the government to lower taxes on ordinary German people
  • How did lower taxes impact public spending power in Germany?
    It increased public spending power, boosting German industry and creating more jobs
  • When did the French agree to leave the Rhineland?
    In 1930
  • How did Hitler respond to the agreement regarding the Rhineland?
    He criticized it as ‘passing on the penalty to the unborn’
  • What major economic event limited the impact of the Young Plan's benefits?
    The Wall Street Crash
  • What were the key outcomes of the Young Plan for Germany?
    • Total reparations debt reduced from £6.6 billion to £2 billion
    • Extended payment period by 59 years until 1988
    • Lower taxes on ordinary German people
    • Increased public spending power, boosting industry and jobs
    • French agreement to leave the Rhineland in 1930
    • Limited impact due to the Wall Street Crash
  • When was the Young Plan made?
    1929
  • Set up by the Allies, headed by an American banker called Owen Young.
  • Reduced the total reparations debt from £6.6 billion to £2 billion
  • Germany was given a further 59 years to pay (until 1988)
  • Lower reparations payments allowed the government to lower taxes on ordinary German people
  • Lower taxes meant more public spending power – boosted German industry and created more jobs
  • The French agreed to leave the Rhineland in 1930.
  • Hitler criticised this as ‘passing on the penalty to the unborn.’
  • The Wall Street Crash meant most of the benefits of the Young Plan didn’t have time to make an impact.