1. In August 1929, a committee, set up by the Allies and led by an American banker called Owen Young, proposed a plan
2. The Young Plan reduced the total reparations debt from £6.6 billion to £2 billion
3. The payments could be made over a longer time, up until 1988
4. Lower reparations meant lower taxes for German people
5. There was a lot of opposition, especially from the extreme political parties, like the Nazis, who felt it was extending the burden for future generations